At Agosi AG in Pforzheim, Germany, a gold bar with a fine gold content of 99.99 percent and resting on gold granules is on display.
Mandatory Credit: Uli Deck/dpa/picture alliance/Getty Images via CNN Newsource
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Gold’s hitting new records again. Here’s what it means for the economy
The 2024 monster gold rally is picking up steam. The most actively traded gold futures contract has hit repeated highs this year, most recently notching a fresh record of $2,687.30 on Tuesday before retreating. That comes after the Federal Reserve slashed US interest rates by a supersized half point last week.
