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 Stronger Jobs Data Triggers Over 2% Decline in Gold Prices READ MORE Silver: "A Quadruple From Here Is LOGICAL" READ MORE "US Taxpayers Owe $3/4 Million Each, It's the Biggest Banana Republic of All" – Mike Maloney READ MORE Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points READ MORE Where to Sell Silver [Coin Dealer or Pawn Shop?] READ MORE Add a Comment Cancel replyYour email address will not be published.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