Gold breaks through $1,400 after Fed rate cut talk hurts dollar
Gold sees best week in more than three years with spot gold up nearly 10% in 2019
21 June 2019 - 08:55
Gold jumped more than 1.5% on Friday, breaking above $1,400/oz for the first time since September 2013, as hints of a rate cut from the US Federal Reserve took a toll on the greenback and US Treasury yields.
Tensions in the Middle East also boosted gold’s rally, which has lifted the precious metal nearly $80, or 5%, this week and almost 10% so far in 2019...
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