Gold is anticipating upcoming rate cuts to make precious metals ownership more attractive.
MGC futures gold prices rose to a new record high early Monday morning during the Asian session. Fueling the rise is investor confidence that the Federal Reserve will cut interest rates for the first time after months of rising expectations. Silver was also enjoying a tailwind, with the metal hitting a high last seen in 2013, topping $32, but still some distance from its 2011 record of $49.78.
Gold rose to a record high of $2,445 an ounce this morning, on track to complete its second straight...
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