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 How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE President Biden Announces Plans for Student Debt Relief for Over 30 Million Americans READ MORE Europe Rallies on French Election, US Awaits Jobs Data READ MORE Infographic: US Government and US Banks in the Gold Market READ MORE The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE Add a Comment Cancel replyYour email address will not be published.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