Gold Smashes Record Above $3,500 as Fed Cut Bets Mount
On Tuesday, gold surged to a new all-time high, briefly touching $3,508.50 per ounce, as a softer U.S. dollar and growing expectations of a Federal Reserve rate cut in September powered safe-haven demand across global markets. Key Takeaways Spot gold set a record at $3,508.50/oz and was last up 0.6% at $3,496 as of 04:57 … Read more