Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation Gold’s price surged to a new record high, reaching up to $2,185.50 an ounce, driven by optimism following a pivotal US jobs report. This report has increased expectations that the Federal Reserve might soon lower interest rates, propelling gold’s price upward for the eighth consecutive day. This rally, sparked by anticipated rate cuts, central bank acquisitions, and a resurgence in investor interest, has surprised many experienced market analysts due to its rapid and seemingly unprovoked nature, aside from the traditional factors that typically bolster gold’s appeal. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Record Gold Buying by Central Banks Expected to Continue, According to TDS READ MORE Global CIO Office CEO Touts Gold as Top Investment Pick READ MORE ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment