If you ever questioned whether or not market participants, investors and traders have factored in the belief that the Federal Reserve will cut the current Fed funds rate at this month’s FOMC meeting, question no more.

Gold pricing has benefited from recent geopolitical and economic events and has gained just over $160 per ounce since the beginning of this year.

After selling off and gaping lower on the open in Australia forty-eight hours ago and trading to a low of $1385, gold quickly recovered with today’s dramatic gain of $27.