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 Dramatic Fluctuations for Yen as It Struggles Against Dollar Surge READ MORE Gold Holds Steady as Markets Anticipate Critical U.S. Jobs Data READ MORE Pandora's Eco-Friendly Shift: Committing to 100% Recycled Silver and Gold READ MORE China’s Gen Z Gives Gold a Boost READ MORE Rising Interest Rates Challenge Long-Standing Pro-Debt Economic Policies READ MORE Add a Comment Cancel replyYour email address will not be published.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