Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions Gold reached a record high, nearing $2,500 per ounce, as traders anticipated Federal Reserve rate cuts due to cooling inflation. This surge, driven by large central bank purchases, strong consumer demand in China, and geopolitical tensions, saw gold prices rally 1.9% on Tuesday. Although Chris Weston from Pepperstone Group suggests gold might test $2,500 soon, some indicators hint at an overbought market. Additionally, political uncertainty, including a recent assassination attempt on Donald Trump, is impacting market sentiment, potentially reinforcing gold’s safe-haven appeal amid escalating trade tensions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Stocks Face Mixed Start to June with Key Jobs Report Ahead READ MORE Oil Market Teeters: US Stockpile Drop Counters Global Surplus Fears READ MORE Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE The Spreading Crisis in Commercial Real Estate: "Greatest Real Estate Crisis Since 2008"? READ MORE Add a Comment Cancel replyYour email address will not be published.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