On this week's episode of Future Focus, our host Brian McGleenon spoke with economist Steve Hanke who shared his concerns about the US economy, predicting that a recession is imminent due to the Federal Reserve's delayed response in cutting interest rates.

Gold prices climbed to a fresh record high on Thursday, with inflation data this week providing support even as some analysts believe bets for a Federal Reserve interest-rate cut next week have been fully priced into the precious metal.

Sustained demand from investors is also helping to drive the price uptick and will likely play a role in future price growth. As more investors buy gold to capitalize on its upward price trajectory (or gain access to the many other benefits it offers), the price of gold is likely to climb.

The Federal Reserve has cut interest rates for the first time since 2020. The decision to cut rates by a half a percentage point was the more aggressive option, putting the Fed’s benchmark rate to a range between 4.

Gold prices rose to an all-time high on Wednesday after the U.S. Federal Reserve cut interest rates by 50 basis points, sending the dollar lower. Spot gold was up 0.9% at $2,592.39 per ounce as of 02:17 p.

The Federal Reserve cut interest rates on Wednesday for the first time since March 2020, lowering the Fed funds rate by 50 basis points. The decision to go with a larger 50 basis point rate cut, instead of the more common 25 basis point option,

Gold prices increased by 1.2 per cent to to a record high of $2,600.16 in response to the US Federal Reserve's an 50-basis point interest rate cut on Wednesday, with bullion expected to remain on an upward trajectory.