Gold Futures Hit $4,200/oz as Institutions Hedge Against Fiscal Deficits Ahead of Rate Cuts
Gold futures surged to a record $4,200 per ounce in late November 2026 during broad equity volatility that ended multi-month winning streaks across major indices. Institutional investors are shifting allocations toward precious metals as government deficits climb and Federal Reserve rate cuts approach. Mining firms like Fortuna are targeting 500,000 ounces annual production to meet rising demand.
ViaNews Editorial Team (Finance)•