Gold price hits record again — GLD climbs as Fed-cut bets and geopolitics stir demand
SPDR Gold Shares (GLD) rose 0.5% to $423.69 as spot gold hit a record $4,641.40 an ounce Wednesday. U.S. retail sales beat forecasts, climbing 0.6% in November. Producer prices increased 0.2%, while inflation data kept debate over Fed rate cuts unresolved. J.P. Morgan and others delayed their rate cut forecasts to late 2026 or beyond.