Arcadia Economics: Gold Hits Another New All-Time High After Powell’s Capitulation

The gold market has just made headlines by shattering its previous all-time high, with December futures now trading at an impressive $2,641. This surge in gold prices symbolizes not just a momentary spike but a culmination of economic factors and investor sentiment radically shifting—most notably influenced by the Federal Reserve’s recent policy moves. On Wednesday, the Federal Reserve took a decisive step that c****t many market watchers off-guard: an aggressive interest rate cut of 50 basis points. Analysts were anticipating a more subdued adjustment of just 25 basis points, but the Fed’s willingness to cut deeper reflects a heightened sense…