3 Gold ETFs That Could Surge If the Fed Cuts Rates This Month
While the market rotates out of tech and into defensive sectors, investors could see another rotation from debt securities to precious metals this month. That’s because in his speech at Jackson Hole on Aug. 22, Federal Reserve Chair Jerome Powell alluded to upcoming interest rate cuts at the central bank’s FOMC meeting scheduled for Sept. 16–17. That caused stocks to rally after Powell's speech. The S&P 500 flirted with its all-time high while...
While the market rotates out of tech and into defensive sectors, investors could see another rotation from debt securities to precious metals this month. That’s because in his speech at Jackson Hole on Aug. 22, Federal Reserve Chair Jerome Powell alluded to upcoming interest rate cuts at the central bank’s FOMC meeting scheduled for Sept. 16–17. That caused stocks to rally after Powell's speech. The S&P 500 flirted with its all-time high while...
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