Gold Surges to New High Amid Rising Haven Demand Gold surged to a record high of $2,450.07 an ounce, driven by rising expectations that the Federal Reserve will cut interest rates this year and by increasing geopolitical tensions in the Middle East. The recent decline in the US dollar and lower Treasury yields, following better-than-expected inflation data, also supported the precious metal’s rise. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Second Quarter Sees Unexpected Boost in Worker Efficiency, Moderating Wage Growth READ MORE Jobless Claims Drop Unexpectedly, Signaling Resilient Labor Market READ MORE The Commodities Feed: Gold Nears $2,200/oz READ MORE Geopolitical Risks Cap Oil's Decline READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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