Fed Rate Cuts Send Gold Higher While Stocks Rally Ahead of Big Week for Data and Central Banks
• Fed implements interest rate cuts in 2024, gold prices soar as yields plunge • Bank of England and European Central Bank maintain hawkish outlooks despite expectations of easing • Equity markets continue rally, hit multi-year and all-time highs amid risk-on sentiment • High impact data releases next week - UK and US inflation, Bank of Japan policy meeting • Technical and fundamental forecasts for GBP, EUR, gold, silver, USD in the coming week