Five Forces Behind Gold’s Record-Breaking Run
Yahoo Finance·2025-10-20 23:02
Despite a brief drop following the breakthrough deal between Israel and Hamas, gold has maintained a strong uptrend to exceed $4,200 in recent days. The break-out seen in gold at the start of September was primarily due to US monetary policy expectations. A deterioration in the US labour market has seen rates traders price in aggressive US Federal Reserve rate cuts in the future. Federal Funds Futures are implying a US interest rate that could drop below 3% next year, following two more cuts to round out ...