Gold Marks Fourth Consecutive Monthly Gain Near Record High

The precious metal's rally continues as investors increasingly expect interest rate cuts from major central banks.

Summary

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Terms & Concepts
  • Interest rate cuts: A monetary policy action where central banks lower borrowing costs to stimulate economic activity.
  • Record high: The highest price level ever reached by an asset in its trading history.
  • Precious metal: A rare metallic element like gold or silver, valued for investment and industrial uses.