Gold eases after divided Fed rate cut vote; silver hits new high

In this episode we are looking at a really interesting split in the precious metals market. Gold has slipped a little after the latest United States Federal Reserve rate cut, while silver has pushed to yet another record high. Let us unpack what actually happened and what it could mean for you as an investor or trader.

According to Reuters, spot gold eased about zero point two percent to just over four thousand two hundred dollars an ounce after the Fed voted to cut interest rates by a quarter of a percentage point in a rare divided decision. United States gold futures for February delivery were still slightly higher on the day, up around zero point five percent.

So why did gold not rally on what should be good news? Lower interest rates usually help non yielding a ...