Gold prices hit a new record as Wall Street strategists raced to increase their price targets on the asset.

On today's Market Minute, Yahoo Finance host Brad Smith examines the top stories of the trading day, including Kerrisdale Capital's shorting of IonQ's stock (IONQ), gold prices (GC=F), and SoFi's (SOFI) $5 billion deal with Blue Owl Capital (OBDC, OWL) Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Gold (GC=F) is trading near all-time highs, and prices may even go higher in the third quarter, according to analysts at Macquarie. Yahoo Finance Senior Reporter Ines Ferré breaks down the call in the video above. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.