Global Market Insights: September 2024

The Federal Reserve commenced its interest rate cutting cycle with a pre-emptive 0.5% move after declaring its war on inflation over, whilst the real wars in Europe and the Middle East rage on. Escalating tensions between Israel and Hezbollah ensured that gold remained attractive not just for its aesthetics but its status as a 'safe haven' for investors. Whilst the precious metal continued to surpass record highs, oil reached a three-year low with Brent crude dropping below $70 highlighting the extent of the divergence in performance.

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