A piece from BNP (via Bloomberg) citing the Fed to cut further as supportive for gold
- Federal to cut four times
- 25bp rate cuts each quarter starting in September
To send gold above US$1,600/oz on average in 1Q 2020
- to average $1,400 this year (up $60 from BNP's prior projection)
- $1,560 next year (up $130)
