With Gold Setting Records Above $2,500, Here’s What Comes Next
- Real rates, ETF flows, OTC trends to shape bullion’s outlook
- Precious metal is one of year’s best-performing commodities
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Gold is in record-setting form, topping $2,500 an ounce on expectations that the Federal Reserve is poised to cut US interest rates.
The precious metal’s 21% year-to-date surge has made it one of the best performing major commodities in 2024, and banks including UBS Group AG and ANZ Group Holdings Ltd. say that there’s still scope for further gains.