FED poised to cut interest rates. Gold and gold mining shares will move higher. AIA Weekly 7.13.24

With recent US employment data weakening and inflation continuing to moderate, the FED is poised to begin a rate-cutting cycle. During previous rate-cutting cycles, gold and gold mining stocks have moved materially higher. Gold is above $2400/oz and silver is above $30/oz. Smart money is positioning in these assets in anticipation of rate cuts.