Gold futures print new all-time high closing price as rate cut expectations climb. 8/29/25

December Gold futures rose for a fourth consecutive session, reaching a new all-time high closing price. End-of-month stock trading often increases market volatility, which prompted speculators to seek safe haven assets like gold. The probability for a Federal Reserve rate cut at the September FOMC meeting is climbing again, signaling renewed market confidence in monetary easing. Bob Iaccino discusses how rate cuts generally drive gold prices higher by lowering the opportunity cost of non-yielding assets, increasing gold's appeal for speculators.

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