Gold Hits Record High, Dollar Weakens as Markets Brace for Fed Rate Cut Signals
Gold Hits Record High, Dollar Weakens as Markets Brace for Fed Rate Cut Signals Global financial markets are keenly observing economic indicators today as gold prices surged to a new record high, while the U.S. dollar hovered near five-week lows. Investors are preparing for a critical week of economic data, most notably Friday’s U.S. nonfarm payrolls report, which is expected to heavily influence the Federal Reserve’s upcoming policy decisions. Market participants widely anticipate the Fed to lower interest rates later…