Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo

Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.

Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo
Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.