Gold Crosses $2,500 Threshold in Volatile Market Gold reached a historic milestone on Friday, surpassing $2,500 per ounce for the first time. This record-breaking price was driven by several factors, including expectations of imminent interest rate cuts by the Federal Reserve, a weakening US dollar, and ongoing geopolitical tensions. The precious metal’s value has increased by approximately 20% in 2024, buoyed by central bank purchases and its appeal as a safe-haven asset. Disappointing US housing market data further reinforced beliefs that the Fed would soon lower borrowing costs, contributing to gold’s rally. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Credit Card Debt: America's $1.13 Trillion Problem READ MORE Summer Demand Boost and OPEC+ Cuts Drive Oil Prices Higher READ MORE Dollar Strengthens Against Yen Despite Japan's Intervention Threats READ MORE U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% READ MORE Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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