Gold hits record-high on softer US dollar after Wall Street lifts Fed rate cut bets; Bullion up 2.4% in five days
Gold prices soared to an all-time high on Friday as the dollar weakened on growing expectations for an interest-rate cut from the Federal Reserve in September, and as tensions in the Middle East bolstered demand for bullion. Spot gold was up 1.3% to $2,489.12 per ounce by 11:08 a.m. EDT (1508 GMT), after hitting a … Read more