Gold & Silver Surge Amid Fed Rate Cuts, Trump's Fed Chair Pick

Gold prices are surging, nearing a new record high, as silver also sees a significant rally. This upward trend is driven by the Federal Reserves interest rate cuts, which make commodities priced in dollars more attractive. The upcoming labor data will likely influence the market, with stronger-than-expected data potentially leading to a small correction, but the overall bullish trend is expected to continue. UBS and Goldman Sachs strategists predict gold could reach four thousand five hundred dollars per ounce by June 2026, supported by lower real yields and continued US dollar weakness.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.