Gold prices hit a new record high near $3,800 per troy ounce as the Federal Reserve considers future rate cuts. This marks the third consecutive session of gold settling higher, with Fed Chair Jerome Powell hinting at more rate cuts to come. Despite uncertainties around inflation, gold remains an attractive safe haven asset. Felipe Barragán of Pepperstone notes the appeal of gold in the current economic climate.

Read more at Barron’s: Gold Keeps Pushing to New Highs