Gold Makes Modest Gains as Rate Cut Expectations Strengthen

The start of the week saw the price of gold surge after economic data released last week boosted expectations of the Federal Reserve reducing rates of interest. U.S. gold futures saw their price hit $3426.40 per ounce, representing a 0.8% increase. Spot gold also saw its price surge to $3372.15 an ounce, a 0.3% increase. 

Extractive industry participants like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) will be following the trajectory of the…

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