Gold Prices Could Surge If Fed Keeps Cutting Rates

Gold could soar above $1,600 per ounce — its highest level since 2013 — next year if the Federal Reserve continues to lower interest rates, according to BNP Paribas. It would be the third key psychological level the metal has breached in a year: it edged over $1,400 in July and $1,500 in August. “Gold nudged up on the latest tit-for-tat US-China trade measures and is looking to move higher with more Fed rate cuts,“ Harry Tchilinguirian, an economist at BNP Paribas, wrote in a note Wednesday. Learn More: