Gold Soars Toward Record High as Rate-Cut Bets and Dollar Weakness Drive Demand

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue to in the future. Here’s what you need to know: Gold climbed nearly $150/oz on the week, finishing near $4,225/oz and closing in on October’s all-time high at $4,250/oz. Expectations for continued Fed rate cuts, with high odds of another m ...