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 Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations READ MORE Gold Prices Steady as Investors Await Key U.S. Employment Data READ MORE Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Gold: "It's Off To The Races From Here" READ MORE Add a Comment Cancel replyYour email address will not be published.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