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A few weeks ago following an elevated CPI report, there was speculation in the markets that the Fed might actually hike rates again before it cuts. Yet even with the cuts delayed as some fear hikes, the price of gold has just soared above the $2150 level as a ferocious 4-day rally has continued.

So if this is happening under the current conditions, what happens when the Fed actually does begin cutting? Which Jerome Powell mentions he still sees as likely this morning during his Congressional appearance.

Video Length: 00:29:29

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