Reported 1 day ago
Gold futures have surged past $4,000 as the dollar weakens and expectations for Federal Reserve rate cuts grow, marking a more than 50% rise year-to-date, the best since 1979. A report indicates that gold-backed ETFs saw a record inflow of $26 billion in the third quarter, primarily driven by North American investments. As geopolitical and policy uncertainties persist, Wall Street analysts remain optimistic about gold's future, with predictions suggesting prices could exceed $5,000 in the near term.
Source: YAHOO