Gold and silver hit another record high this morning, topping the all-time peak set just yesterday, with spot prices jumping to $4,379.93/oz and $54.4/0z, respectively. The rally is driven by concerns over economic credit quality, expectations of continued Fed easing, and escalating US-China trade tensions. Two regional banks disclosed loan issues tied to alleged fraud, raising fears about weakening borrower credit, boosting safe-haven demand. Meanwhile, traders are increasing their bets on a jumbo US rate cut by year-end, while Fed Chair Powell signalled another quarter-point reduction is likely to happen this ... (full story)