Gold Soars to All-Time High as Dollar Weakens and Rate Cut Hopes Grow Gold prices have reached a new record high, driven by a weakening US dollar and increased buying from Western investors. The surge comes as markets anticipate potential interest rate cuts by the Federal Reserve in September. Despite muted demand in China, the world’s largest gold consumer, the precious metal has gained 22% this year, benefiting from its status as a safe-haven asset amid economic uncertainties. Investors are closely watching Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole for further insights into monetary policy direction, which could impact gold’s trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Year of the Dragon Sparks Optimism for S&P 500's Flight to New Heights READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE INCREMENTUM: Monthly Gold Compass READ MORE China's GDP Growth Slumps to 5-Quarter Low, Raising Concerns for Xi's Economic Strategy READ MORE IMF Official: Debt Relief Delays Could Mean 'Disorderly' Defaults READ MORE Add a Comment Cancel replyYour email address will not be published.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