Gold jumps to another record high

From think.ing.com

Gold extended its rally to another fresh record high while copper prices jumped to their highest level since June 2024, as market participants geared up for a potential easing of US Federal Reserve policy and wait for further rate cut signals this year. Investors expect a quarter-point rate cut this week amid signs of a weaker labour market. Swap markets also price in at least one more cut by the end of the year, with a strong chance of a third. These expectations have pushed Treasury yields to multi-month lows and weakened the dollar index. Continued concerns over the Fed’s independence will also remain the focus ... (full story)