Gold Is Doing What It Normally Does After The Fed Cuts Rates

Authored by Simon White, Bloomberg macro strategist,

Gold’s current bout of weakness is in line with history, with it normally correcting lower after the Federal Reserve starts cutting interest rates, before resuming its rally about 10-12 weeks later on average.

Prices have slipped again this morning, after closing yesterday below the key level of $4,000 per troy ounce.