Gold is set to rally following the fed decision

Gold will continue its meteoric rise following the Federal Reserve’s interest rate decision, a top analysts has said, as economic and geopolitical conditions keep investors opting for the safe haven asset.

The precious metal hit $3,759 (£2,782.36) on Tuesday morning, as the asset surged after a slight wobble following the US central bank’s decision to cut interest rates by 0.25 per cent last week.

The decision was hailed “good news” for the gold market, as investors flocked to the asset in droves, due to lower interest rates generally driving investors into the precious metal.

Philip Newman, director of Metals Focus, noted both market figures and investors are “bullish” on gold’s rally over the next financial year following the Fed decisi

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