Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions Gold reached a record high, nearing $2,500 per ounce, as traders anticipated Federal Reserve rate cuts due to cooling inflation. This surge, driven by large central bank purchases, strong consumer demand in China, and geopolitical tensions, saw gold prices rally 1.9% on Tuesday. Although Chris Weston from Pepperstone Group suggests gold might test $2,500 soon, some indicators hint at an overbought market. Additionally, political uncertainty, including a recent assassination attempt on Donald Trump, is impacting market sentiment, potentially reinforcing gold’s safe-haven appeal amid escalating trade tensions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Treasury Yields Dip as Markets Brace for Fed Rate Decision READ MORE Gold Dips Below $2,300, Analysts Eye Potential Price Breakout READ MORE Economists Question the Recession-Predicting Power of the Inverted Yield Curve READ MORE "Gold Price at $3000 by 2025: Don't Rule It Out" Alan Hibbard on Analyst Targets READ MORE UBS Warns of Potential 6.5% Fed Rate Hike Amid Enduring Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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