05-03-2024 20:11 via rocketnews.com

Gold scores another record finish. Here’s who isn’t buying.

Gold futures extended their rally on Tuesday and marked a third consecutive session at a record settlement, but don’t call it a gold rush, one analyst said. Weak U.S. economic data lifted expectations that the Federal Reserve will cut interest rates later this year and contributed to declines in the U.S. dollar and Treasury yields, raising safe-haven investment interest in the precious metal. Gold’s latest run to new record highs, however, has come on a “jump in speculative bet
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