As Gold Hits $2,500, All Eyes Turn to Fed's Next Move Gold prices reached a record high above $2,500 per ounce, driven by safe-haven demand and expectations of U.S. interest rate cuts. Despite a slight pullback, analysts anticipate further price increases, with UBS projecting $2,600/oz by year-end. Investors are now focused on Fed Chair Powell’s upcoming speech and the release of July’s Fed meeting minutes for indications of potential rate cuts. The precious metal’s 20% surge this year is attributed to rate cut expectations, geopolitical tensions, and robust central bank purchases. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC Introduces Groundbreaking Tokenized Gold in Hong Kong READ MORE The Looming Crisis in America's Office Real Estate Market READ MORE BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE ZeroHedge: Physical Silver Buyers Gatecrash COMEX Vaults READ MORE Gold Soars to New Heights as Central Banks and Investors Pile In READ MORE Add a Comment Cancel replyYour email address will not be published.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