Another week, another record high for gold
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Gold is trading above $2,500, nearing record highs; analysts indicate further rally potential as the Federal Reserve begins a new easing cycle; Fed minutes from July show support for potential rate cuts; Powell confirms policy adjustments are needed; markets anticipate a 36.5% chance of a 50-basis-point rate cut in September; Consumer Stress Legal Index rose 5.8 points in July to 67.6, highest since November 2020; U.S. dollar index at a yearly low below 101 points; silver prices above $29 an ounce, outperforming gold; Samsung developing solid-state batteries incorporating silver, with mass production planned with Toyota by 2027.

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https://www.kitco.com/news/article/2024-08-23/another-week-another-record-high-gold