TOKYO — Cash is flowing into the gold market as expectations of U.S. rate of interest cuts, geopolitical dangers and short-term investing drive demand, with internet inflows into gold-backed exchange-traded funds (ETF) in July reaching the highest stage in two years.
New York gold futures briefly reached a brand new excessive of $2,522.50 per troy ounce on Aug. 2 and opened Thursday close to $2,500.
