Gold Hits New All-Time High Amid Rate-Cut Bets and Global Uncertainty
TL;DR Summary
Gold reached a record high above $3,546 an ounce, driven by expectations of US interest rate cuts, increased haven demand amid market selloffs, and geopolitical concerns, making it one of the year's best-performing commodities alongside silver, which has also surged due to industrial demand and market tightness.
- Gold Holds After Surging to Record on Rate-Cut Bets, Debt Fears Bloomberg.com
- Gold surges to record high doubts grow around dollar's global dominance Axios
- Gold adds to record rally as rate-cut bets, trade turmoil lift demand Reuters
- Gold price hits record high as investors seek safety BBC
- Gold just hit another all-time high and its record-setting run may not be over yet CNBC
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