Gold smashes $3,500 record as rate-cut bets, policy turmoil fuel haven rush
1. Gold reached a record above $3,500 due to interest rate cut bets. 2. Spot gold surged past $3,508, indicating strong market demand. 3. ETF buying has increased for seven consecutive months, reducing inventories. 4. Investors are shifting to safe havens as equities decline. 5. Expectations of a cooler job market likely solidify Fed rate cut hopes.