In a fast market, traders reacted to the news that the Federal Reserve has lowered interest rates by ¼%.

Gold continued its ascent, and now for the second day in a row has closed moderately higher on the day in anticipation of tomorrow’s Federal Reserve announcement regarding an interest rate cut.

There is a trifecta of events this week that will have an impact on gold pricing. These events will occur throughout the entire week beginning Tuesday in China and concluding on Friday.