Gold Hits Record High: Rate Cut Hopes Soar

Gold prices just smashed records, hitting over $3,780 an ounce, fueled by hints of upcoming Fed rate cuts! A dovish Fed governor is pushing for aggressive cuts, while others urge caution on inflation. Investors are flocking to gold as rate cut bets surge, with strong demand from India and major ETF holdings at a 3-year high. Will India's demand, Chinese buying, and ETF activity keep the gold rush going? The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.