Gold Sets Fresh Record Heading for Best Month in Four Years
- Prices pare gains with U.S. dollar edging out of slump
- Spot silver heads for biggest monthly gain since 1979
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Gold surged to a fresh record, fueled by dollar weakness and low interest rates. Silver headed for its best month since 1979.
Spot bullion is up more than 10% in July, heading for its best month since 2016 as U.S. real yields lingered near record lows. While the ferocity of rallies in both gold and silver cooled in the middle of the week, most market watchers predict there may be more gains ahead.