XAGUSD View!

Jul 16

SPDR Gold shares are traveling higher along with underlying gold futures, both trading at record levels. SPDR Gold is up 1.8%, to $227.90 a share, above the previous closing high of $224.56 set in May. Gold futures trade up 1.5% to $2,466.40 an ounce — which would eclipse the May record of $2,438.50. Uncertainty stemming from the assassination attempt on former President Trump is sending safe haven markets higher this week, with the U.S. dollar up 0.2%. Also buoying gold is the rising prospects for a Fed rate cut in September. ([e-mail]; @kirkmaltais)