Gold Extends Record Rally, US Stock Futures Drop: Markets Wrap

Gold surged for a ninth straight day, breaking above $5,550 as rising geopolitical tensions and expectations of Federal Reserve easing boosted demand. Oil also advanced as concerns over Iran intensified.The precious metal rose 1.5% on Thursday, extending its rally this year to 27%. Silver climbed almost 1% to an all-time high as precious metals continued their breakneck advance. West Texas Intermediate crude oil rose to the highest level since September after President Donald Trump warned Iran to make a nuc ...