Gold, metal futures
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As economic uncertainty deepens, the rush for gold continues -- with prices for the precious metal topping $4,300 for the first time this week.
Gold's fundamentals stay strong, but speculative surges and meme-stock behavior raise correction risks amid global uncertainty. Learn why gold may face a sharp pullback.
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Gold Soars to New Record as Fed Rate Cut Bets and Trade Tensions Drive Safe-Haven Rush
Gold prices climbed to fresh record highs in early Asian trading on Friday, edging closer to the $4,400 per ounce milestone as mounting expectations of a rate cut by the Federal Reserve and heightened U.
Gold futures in New York briefly jumped above the $4,000 mark just after 9 a.m. ET, a record high. The going price for New York spot gold had previously closed at $3,960.60 per troy ounce — the standard for measuring precious metals — Monday.
Investors are pouring money into dollar alternatives like bitcoin and precious metals.
Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts, while silver also rose to an all-time high.