Reported about 4 hours ago
Gold is on track for its fourth consecutive weekly gain, nearing $3,650 an ounce, driven by expectations that the Federal Reserve will cut interest rates, alongside significant inflows into bullion-backed ETFs. Silver also saw a rise, hitting its highest level since 2011. With a remarkable 39% increase this year, gold has outperformed other commodities and is benefiting from lower borrowing costs and geopolitical uncertainties, despite predictions of limited gains following the anticipated rate cuts.
Source: YAHOO