Reported 1 day ago
The dollar index fell by 0.27% on Monday due to anticipation of a Fed interest rate cut, while gold prices surged to an all-time high of $3,686.40 an ounce. The weaker dollar and declining bond yields have boosted precious metals, as markets price in multiple rate cuts by the Fed through the end of the year. Concerns over Fed independence and geopolitical instability, especially in Europe, are also supporting safe-haven demand for gold.
Source: YAHOO