The chairman of the US Federal Reserve, Jerome Powell, cut the key interest rate by 50 basis points, thereby influencing stock prices
Gold hovers near all-time high The spot price of gold rose to $2,570 shortly after noon (Eastern Time) on Wednesday, falling slightly below that level after the U.S. Federal Reserve cut interest rates by 50 basis points. “For the gold price to rise after the Fed meeting and reach new all-time highs, the key interest […]
