Posted 3/6/2024, 2:58:00 AM
Gold Shines While Stocks Stall as Investors Seek Shelter from Economic Uncertainty
- Gold prices reach new record highs as investors bet on Fed rate cuts and seek safe haven from economic uncertainty
- Costco selling over $100 million in gold bars in recent months as metal grows more popular globally
- Latest inflation data shows some cooling but still fast monthly growth, keeping focus on Fed policy
- Bitcoin breaks out of two-year slump to set new record highs above $68K
- Stocks hit repeated new highs in 2023 on AI boom, though rally has stalled recently