Gold has surged to a fresh record high at USD 3,547 per ounce, extending an already strong year that has seen the yellow metal gain 34% year to date. Silver has provided further support to the sector, trading above USD 40 for the first time in 14 years, leaving it up 41% year to date. The latest leg higher reflects a potent mix of renewed rate cut expectations, mounting concerns over Federal Reserve independence, and a fragmenting world order that is reshaping flows across safe-haven assets. Rate cut expectations and Fed independence worries Markets now price a near-certain Federal Reserve rate cut in September, with ... (full story)