Vince Lanci: Gold Breaks $2,200 After Fed Still Says 3 Cuts In 2024

#VinceLanci: #Gold Breaks $2,200 After Fed Still Says 3 Cuts In 2024

Well….the Fed meeting and press conference came and went yesterday. And by the time the summary of economic projections were released and still indicated 3 rate cuts in 2024, and Jerome Powell finished talked about how the Fed is getting closer to slowing the pace of the quantitative tightening, gold and #silver were off to the races higher.

With gold now trading over $2,200 per ounce.

And for a recap of the key highlights from the Fed’s statement and press conference, as well as an explanation of why gold and silver reacted the way that they did, click to watch this morning’s show now!