Gold Surges, Crypto Plummets as Investors Seek Safe Haven

Gold prices surge, reaching new heights, while cryptocurrencies and stocks plummet, indicating investor caution amidst economic uncertainty. The S and P five hundred index drops in pre-market trading, reflecting a bearish sentiment. Golds rise is attributed to increasing investor caution and expectations of a December interest rate cut by the Federal Reserve. Upcoming economic reports will provide further insights into the Federal Reserves next steps, influencing the performance of various asset classes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.