Bets on Falling Interest Rates Unleash Gold Rally

Gold is on its longest profitable streak in nearly a yr and a half, the most recent sign that traders are making ready for the Federal Reserve to decrease rates of interest amid indicators of a slowdown in financial development.

The safe-haven metallic rose for eight consecutive buying and selling classes by means of Friday, its longest run since January 2018. Costs have a tendency to extend when traders are rising anxious concerning the U.S. economic system and searching for extra secure options to shares, oil and different dangerous property.

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