💨 Abstract

Gold surpassed $3,000 per ounce for the first time on Friday, driven by trade tensions, U.S. rate cut expectations, and a global trade war that has raised recession fears. consumer prices cooled more than expected, potentially increasing room for Federal Reserve rate cuts. The SPDR Gold Trust, the world's largest gold-backed ETF, reported increased holdings.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖