Gold continues its record-breaking rally, policymakers struggle with the strong US dollar, and Apple’s next big thing. Here’s what people are talking about.
Gold continues to outshine, mainly thanks to Jerome Powell’s assurance on Wednesday that the Federal Reserve will likely cut interest rates this year. The precious metal hit a fresh record high above $2,300 an ounce. And it’s not just gold. Copper rose to a 14-month high while US equity futures also edged higher in Asian trading. For further clues on the rate trajectory in the US, traders will be switching their focus to jobs data stateside due later this week.