Gold is on its longest winning streak in almost a year and a half, another sign investors are preparing for lower growth and rate cuts
Gold is on its longest winning streak in almost a year and a half, the latest signal that investors are preparing for the Federal Reserve to lower interest rates amid signs of a slowdown in economic growth.
The safe-haven metal rose for eight consecutive trading sessions through Friday, its longest run since January 2018. Prices tend to increase when investors are growing anxious about the U.S. economy and seeking more stable alternatives to stocks, oil and other risky assets.
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