Gold reclaims $4,300 on Fed rate cut tailwinds – Commerzbank

Gold reclaims $4,300 on Fed rate cut tailwinds – Commerzbank

Gold increased above $4,300 per ounce as the Fed provided an extensively anticipated 25bps rate cut, with Chairman Powell signaling that labor market weak point and tariffs might trigger additional reducing. Financiers now look for extra rate relocations, particularly under the Fed chair prospering Powell in Might, Commerzbank’s product expert Carsten Fritsch notes. Fed cuts rates by 25bps, choice not consentaneous ” The Gold cost increased back…