Gold price slips as traders weigh outlook for Fed interest rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
As Comex gold hit a fresh record high, Societe Generale commodities skeptic Dylan Grice – of the ‘long-term return on commodities is zero’ fame – wrote a stirring paean to gold in his latest research report.
Marked by his characteristic erudition, with references to gold’s use as a hedge in the world of antiquity, Grice’s report is worth reading and thinking about.
