If fedreal cuts rate .50 tomorrow, then,,?

2 ⤊

If fedreal cuts rate .50 tomorrow, then,,?

Gold will crash $ 50-100 and dollar become strong... is this true...............?????????

2007-09-17 09:50:21 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing

2 answers

Personally, I think the dollar will loose another 5% to 10% of its value, perhaps more. The dollar is in dire straights and a drop in the interest rate will not help at all. Gold, Euros, Swiss Francs will increase agaist the dollar.

2007-09-17 14:05:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No, typically if the federal funds rate drops, the dollar will decline against other currencies and gold may rise in value.

2007-09-17 16:55:54 · answer #2 · answered by david42 5 · 2⤊ 0⤋