The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace. But the history of the beginning of new rate cutting cycles shows that all might not be so easily fixed.

Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold's appeal as a safe-haven asset.