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 Experts Predict Continued Upside for Silver and Gold Despite Recent Dip READ MORE Diminished Fed Rate Cut Hopes to Keep U.S. Treasury Yields Elevated READ MORE Royal Mint Reports 7% Growth in Investor Numbers, Driven by Gold Demand READ MORE Fed Survey: Americans Less Concerned About Future Inflation, More Anxious About Debt READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Add a Comment Cancel replyYour email address will not be published.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