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Gold

Bessent’s Call for 1.5% Rate Reduction Supports Gold

Timeless Wealth: How Gold and Silver Have Anchored Economic Stability for Centuries
Timeless Wealth: How Gold and Silver Have Anchored Economic Stability for Centuries

Gold prices maintained modest gains after U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to cut interest rates by at least 1.5 percentage points.

The precious metal rose as much as 0.6% before settling near $3,365 per ounce. Lower interest rates typically benefit gold since it doesn’t pay interest, making it more attractive when yields fall.

Gold has gained 28% this year, driven by geopolitical tensions and central bank purchases.

Eight more from the desk

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