A months-long surge that has seen gold break successive records is drawing in more followers, as interest in physically backed exchange-traded funds gathers pace and more buyers seek to hedge against macroeconomic and geopolitical uncertainties.

The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation,

The Federal Reserve’s hefty interest rate cut may prime a bubble in risk assets, Bank of America (BofA) said in outlining maneuvers for such a development. The Federal Open Market Committee is seeking to shove down real rates to stave off recessionary jobs cuts by small businesses,

A euforia do mercado de ações americano após o corte de juros do Federal Reserve trouxe de volta o fantasma de uma bolha, o que torna os treasuries e o ouro boas proteções contra uma eventual recessão ou repique inflacionário,