Gold will trigger a buyout of Casino next year ! Gold price at session highs as Federal Reserve cuts rates by 50 basis points signals start of easing cycle
Coffee & Casino may go to "gold" / copper producer next year !
| T:WRN - WESTERN COPPER AND GOLD CORPORATION J - https://www.westerncoppercorp.com | 19:54:30 EDT |  Live Quote |
| WRN - T | 1.0 | 1.58 | · | 1.66 | 1.2 | 1.65 | +0.04 | 2.5 | 427.8 | 654 | 868 | 1.59 1.66 1.58 | 2.27 1.27 | 16:00:00 | Aug 12 | |
| TSX - T | 1.0 | 1.58 | · | 1.66 | 1.2 | 1.65 | +0.04 | 2.5 | 105.8 | 150 | 395 | 1.59 1.66 1.59 | 2.27 1.27 | 16:00:00
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Interest rates are expected to drop even further in 2025, with estimates at 3.4%. Long-term interest rates are expected to bottom out at 2.9%.
The gold market is experiencing renewed bullish momentum in reaction to the Federal Reserve’s latest monetary policy decision. December gold futures last traded at $2,614.30 an ounce, up nearly 1% on the day.
In a comment to Kitco News, Robert Minter, Director of Investment Strategy at abrdn, said it’s only a matter of time before gold prices push to $3,000 an ounce in this new easing cycle.
“Oktoberfest kicks off in Munich this Saturday, Sept. 21, but the FOMC kicked off the gold party early today with a 50-basis-point cut, the first in a series of cuts that implies another 50-basis-point cut by the end of 2024, 100 more in 2025, and 50 more in 2026.
Historically, a rate-cutting cycle has led to higher gold demand from investors and ETF purchasers. However, this time, central bank demand is high, as is physical gold demand from China and India, the two biggest retail gold markets in the world,” he said.
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