Gold posts fourth straight monthly gain, closes at record high as markets solidify rate cut bets

Gold posts fourth straight monthly gain, closes at record high as markets solidify rate cut bets

Gold futures (GC=F) settled near $4,240 an ounce on Friday, closing a fourth straight month of gains and bringing the yellow metal back within shouting distance of its record high on expectations of a December rate cut. Dovish commentary from Federal Reserve officials raised the odds that policymakers will decide to cut interest rates by … Read more