Commodities
Gold Rises to Fresh Record Before Data That May Offer Fed Clues
- Fed’s Kashkari seeks more smaller cuts after last week’s move
- Traders await US personal consumption data and jobless claims
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Gold rose to fresh all-time high as traders digested data and remarks from policymakers while awaiting a slew of key economic readings that may offer clues on the scope of further easing by the Federal Reserve.
A handful of Federal Reserve officials on Monday left open the door to additional interest-rate cuts, noting that current rates still weigh heavily on the US economy.