Gold Shatters $2,600 Barrier as Fed Signals Rate Cut Cycle Gold prices soared to an unprecedented high of $2,609.62 per ounce on Friday, driven by the Federal Reserve’s recent interest rate cut and projections for further reductions. This rally reflects growing investor interest in gold as a safe-haven asset amid global economic uncertainties, geopolitical tensions, and a weakening U.S. dollar. The precious metal’s appeal has been further enhanced by lower interest rates, which reduce the opportunity cost of holding non-yielding assets like gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate Finance READ MORE Global Currency Shifts: Dollar Rises, Yen Struggles, and Europe Reacts READ MORE How Gen Z's Interest in Gold is Shaping the Market READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE Gold Retreats as Dollar Gains Strength; Investors Eye Nvidia and U.S. Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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