Gold prices hit another record high after fresh U.S data spurs Fed cut expectations
CNBC - Gold prices scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset.
“I think it’s a really exciting moment in gold,” said Joseph Cavatoni, market strategist at the World Gold Council, told CNBC on Monday. “What’s really driving it is, I think, many market speculators really getting that confidence and comfort [in] the Fed cuts,” he said.