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 titfortat USChina 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: