Gold prices are soaring, nearing record highs, fueled by expectations of a Federal Reserve rate cut amid a weakening U.S. labor market. Spot gold reached $3,649.54 per ounce, boosted by recent jobless claims data. UBS analysts predict a rise to $3,900/oz by mid-next year. Silver, platinum, and palladium also saw gains, with silver hitting a 14-year high.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a