"Maximizing Gains: Navigating Gold's Record High Prices"

Gold prices rose after softer U.S. producer prices data raised hopes for U.S. rate cuts, with spot gold reaching $2,372 per ounce and U.S. gold futures up 1.8% at $2,390. The U.S. dollar and Treasury yields also decreased after the data, while geopolitical concerns continued to support the metal. The Fed may consider interest-rate cuts as early as its late-July meeting, and gold's appeal as an inflation hedge could be affected by higher interest rates. Additionally, Sibanye Stillwater is considering cutting over 4,000 jobs as it restructures its South African gold operation.