Gold prices have crossed the $4,500 an-ounce mark for the first time. Silver and platinum have also reached record highs. This surge is fueled by investor demand for safe assets and anticipation of more U.S. interest rate reductions next year. The U.S. dollar’s decline further supports these precious metals.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation