Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation Gold’s price surged to a new record high, reaching up to $2,185.50 an ounce, driven by optimism following a pivotal US jobs report. This report has increased expectations that the Federal Reserve might soon lower interest rates, propelling gold’s price upward for the eighth consecutive day. This rally, sparked by anticipated rate cuts, central bank acquisitions, and a resurgence in investor interest, has surprised many experienced market analysts due to its rapid and seemingly unprovoked nature, aside from the traditional factors that typically bolster gold’s appeal. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dimon Highlights Commercial Real Estate's Recession-Contingent Future READ MORE Citi's Bullish Forecast for $3,000 Gold in 2025 READ MORE Palladium Falls Below Platinum as Auto Industry Shifts Preferences READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Gold Inches Higher with Eyes on Major U.S. Economic Reports READ MORE Add a Comment Cancel replyYour email address will not be published.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