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Gold Hits New All-Time Highs
Gold prices continue to push further into new record highs across early European trading on Monday. The futures market is now up around 30% on the year as gold continues to advance, shrugging off ongoing Dollar strength. The greenback has recovered firmly in recent weeks as traders scaled back Fed easing expectations in response to stronger US labour market data and has some less-dovish signalling from the Fed. Fed Easing Expectations The market now prices in just two .25% cuts from the Fed this year, having previously been projecting a further .5% cut in November and at least another .25% cut in December. Despite ... (full story)
