• 3 months ago
Gold prices surged to a record high Monday in Asian markets, driven by increased expectations of a larger-than-expected Federal Reserve rate cut this week. Shots were fired near former President Donald Trump's golf course on Sunday, spurring save haven demand. The Fed is anticipated to initiate an easing cycle, with analysts projecting at least one percent in rate cuts by year-end. Lower interest rates benefit precious metals like gold by reducing the opportunity cost of holding non-yielding assets.

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00:00It's Benzinga, and here's what's on the block.
00:03Gold prices surge to a record high on Monday in Asian markets, driven by increased expectations
00:07of a larger-than-expected Federal Reserve rate cut this week.
00:11Shots were fired near former President Donald Trump's golf course on Sunday, spurring safe
00:15haven demand.
00:16The Fed is anticipated to initiate an easing cycle, with analysts projecting at least 1%
00:21in rate cuts by year-end.
00:23Lower interest rates benefit precious metals like gold by reducing the opportunity cost
00:27of holding non-yielding assets.
00:29For all things money, visit Benzinga.com.

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