The Federal Reserve officials cut interest rates by 25 basis points on Wednesday, pushing Treasury yields (^FVX, ^TNX, ^TYX) higher and weighing on gold (GC=F) prices. However, gold bounced back above the $4,000 mark during Thursday’s trading session.
Despite this volatility, gold demand hit a new all-time high in the third quarter as more investors piled into gold-exposed exchange-traded funds (ETFs).
IDX Advisors chief investment officer Ben McMillan joins Market Domination host Josh Lipton to discuss gold’s market action.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here:
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