00:00It's Benzinga, and here's what's on the block.
00:03Gold prices surge to a record high on Monday in Asian markets, driven by increased expectations
00:07of a larger-than-expected Federal Reserve rate cut this week.
00:11Shots were fired near former President Donald Trump's golf course on Sunday, spurring safe
00:15haven demand.
00:16The Fed is anticipated to initiate an easing cycle, with analysts projecting at least 1%
00:21in rate cuts by year-end.
00:23Lower interest rates benefit precious metals like gold by reducing the opportunity cost
00:27of holding non-yielding assets.
00:29For all things money, visit Benzinga.com.
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