Gold Hits Record High Amid Central Bank Rate Cuts and Fed Expectations
Gold prices have reached an all-time high, surging to US$2,560 an ounce. This rise has been driven by a combination of European Central Bank (ECB) rate cuts and expectations of a similar move by the US Federal Reserve. As inflation fears subside, gold miners are set for significant cash flows. Large-cap miners like Newmont, Northern Star, and Evolution are well-positioned to benefit, while smaller players show a diverse range of performance.
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