CNBC for its intense focus on Bitcoin and the newly launched Bitcoin ETFs, at the expense of covering significant movements in the gold market.
The spot price of gold reached $2,075.03 per ounce, inching closer to the record high set in December 2023. This rally was bolstered by expectations that the Federal Reserve might lower borrowing costs to support the economy, as Treasury yields fell, marking gold's most significant intraday increase since mid-January.
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