Gold Hits Record High Amid Fed Rate Cut Bets. Shots Fired Near Trump's Golf Course Spurs Safe Haven Demand

Gold prices surged to a record high Monday in Asian markets, driven by increased expectations of a larger-than-expected Federal Reserve rate cut this week. Shots were fired near former President Donald Trump's golf course on Sunday, spurring save haven demand. The Fed is anticipated to initiate an easing cycle, with analysts projecting at least one percent in rate cuts by year-end. Lower interest rates benefit precious metals like gold by reducing the opportunity cost of holding non-yielding assets.