Reported about 4 hours ago
Gold has hit a new record, surpassing $3,685 per ounce as investors anticipate a Federal Reserve rate cut this week. The increase in gold prices, which have risen over 40% this year, is supported by a falling US dollar and expectations of monetary easing fueled by weak labor data. With ongoing economic uncertainties and pressure on the Fed, analysts suggest that gold could approach $5,000 an ounce if there is a shift in Treasury investments.
Source: YAHOO