Gold prices reached a new record high on Tuesday, helped by growing expectations of more US interest rate cuts. Investors were also waiting for a speech from Federal Reserve Chair Jerome Powell to get more hints about future policy. The price of spot gold went up 1% to $3,784.01 per ounce, after hitting a new record high of $3,790.82 earlier in the day. This optimism was partly due to new Fed Governor Stephen Miran, who called for aggressive rate cuts on Monday. He argued that the Fed's current policy is too strict and could put jobs at risk. However, his view was challenged by three of his colleagues, who believe ... (full story)