Reported about 3 hours ago
Gold remains close to an all-time high with expectations that the US Federal Reserve will cut interest rates this week due to signs of a weakening labor market. The precious metal traded around $3,640 per ounce, significantly boosted by a nearly 40% increase this year amid geopolitical uncertainties and central bank purchases. Investors are closely watching for potential further rate reductions, while Turkey's gold tax discussions aim to curtail exports and control local metal ownership.
Source: YAHOO