Fed Cuts Interest Rate Again: 5 ETFs Likely to Gain
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The Federal Reserve has cut interest rates for the second time this year, which is expected to benefit certain ETFs. These ETFs are likely to gain due to their sector exposure, which is set to perform well in a lower interest rate environment.
November 08, 2024 | 4:30 pm
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POSITIVE IMPACT
The SPDR Gold Trust (GLD) is likely to benefit from the Fed's interest rate cut as lower rates can lead to a weaker dollar and higher gold prices.
Gold often benefits from lower interest rates as it can lead to a weaker dollar, making gold more attractive as a safe-haven asset. The Fed's rate cut is likely to support this trend, benefiting GLD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80