Gold surged to new highs on Friday, extending weekly gains, as U.S. inflation data aligned with forecasts, bolstering expectations for Federal Reserve interest rate cuts later this year. Investors now anticipate an 88% chance of an October rate cut.
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations