Gold price dips against the Canadian dollar as BoC cuts rates by 50...

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2024-12-11 17:17:03 - Translate -

(Kitco News) - Spot gold sold off in CAD while strengthening in USD after the Bank of Canada (BoC) cut its key interest rate by 50 basis points, lowering rates for the fifth consecutive meeting. The Bank of Canada lowered its target for the overnight rate to 3.25% on Wednesday, with the Bank Rate at 3.75% and the deposit rate at 3.25%.
https://www.kitco.com/news/article/2024-12-11/gold-price-dips-against-canadian-dollar-boc-cuts-rates-50-basis-points

(Kitco News) - Spot gold sold off in CAD while strengthening in USD after the Bank of Canada (BoC) cut its key interest rate by 50 basis points, lowering rates for the fifth consecutive meeting. The Bank of Canada lowered its target for the overnight rate to 3.25% on Wednesday, with the Bank Rate at 3.75% and the deposit rate at 3.25%. https://www.kitco.com/news/article/2024-12-11/gold-price-dips-against-canadian-dollar-boc-cuts-rates-50-basis-points

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Gold price dips against the Canadian dollar as BoC cuts rates by 50 basis points

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