"Gold Surges to Record Highs Amid Rate-Cut Optimism and Economic Data"
TL;DR Summary
Gold prices reached a record high as the 10-year Treasury note yield also rose, while small-cap stocks lagged behind the broader market. The surge in gold prices comes amid an unusual scenario in the market, with the ISM's manufacturing PMI print impacting market dynamics.
- Gold prices reach record high amid rising bonds, small-caps slump Yahoo Finance
- Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations CNBC
- Gold Price Soars to Record After Inflation Data Stokes Rate-Cut Hopes Markets Insider
- Gold rallies, stocks ease as rate cut optimism fades Reuters
- Gold appears unstoppable as it hits record highs above $2250, capping off a solid month and quarter KITCO
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