Prospect of Future Rate Cuts Sends Gold Past 5-Year High
June 21, 2019 at 11:36 AM EDT
The prospect of future rate cuts by the Federal Reserve saw gold surpass its 5-year high on Wednesday after the central bank said it “will act as appropriate to sustain” economic expansion. To an optimistic capital market, that meant the door was open for interest rates to fall in 2019 after...