Gold prices restrained by falling Fed rate cut odds, solar industry ‘aggressively’ seeking silver substitutes – Heraeus

(Kitco News) – A reduction in Fed rate cut odds is hurting gold’s price upside, while the solar industry is working hard to find viable substitutes for the gray metal amid stubbornly high prices, according to precious metals analysts at Heraeus.In the latest update, they wrote that the chances of a U.S. rate cut at the December Fed meeting are shrinking.