Gold skyrockets as stars align for Fed rate cuts. The market is still expecting the Fed to cut interest rates by around 100 basis points by the end of the year, i.e. rates would have to be cut by 50 basis points at one of the two remaining meetings after September, " Commerzbank analysts said. "It is therefore likely due to these aggressive interest rate cut expectations for the coming months that the gold price is rising." Further driving interest in bullion, the dollar fell on Friday to its lowest level this year against the Japanese yen. #22kDiamondJewellery | #ClassicGoldDiamonds | #Traditional22kDiamonds | #antiquejewellery | #bestgoldshopinchennai |#brilliantcut | #buytennisbracelet | #buygoldjewellery | #buy916jewellery | #916goldinchennai | #buydiamondring | #916diamondearrings |#22kttennisbracelet | #22ktdiamondnecklace |