Gold poised to extend advance on Fed rate-cut view, geopolitical ripples

From marketwatch.com

Gold prices advanced Thursday as demand for the metal rose on expectations for an interest-rate cut by the Federal Reserve this summer. Nagging trade tensions between the world’s top two economies and intensifying Middle East unease also lured investors into the haven asset, analysts said. U.S. stocks were called higher on Thursday after back-to-back losses and oil prices surged after two oil tankers were reportedly attacked in the Gulf of Oman, leaving one with a damaged hull and the other on fire and adrift. Against this backdrop, gold for August delivery on Comex GCQ19, +0.25% rose $2.80, or 0.2%, to $1,339.70 ... (full story)