Gold Shatters $2,600 Barrier as Fed Signals Rate Cut Cycle Gold prices soared to an unprecedented high of $2,609.62 per ounce on Friday, driven by the Federal Reserve’s recent interest rate cut and projections for further reductions. This rally reflects growing investor interest in gold as a safe-haven asset amid global economic uncertainties, geopolitical tensions, and a weakening U.S. dollar. The precious metal’s appeal has been further enhanced by lower interest rates, which reduce the opportunity cost of holding non-yielding assets like gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Modest Inflation Increase Won't Derail Fed's Easing Strategy READ MORE Top Financial CEOs Caution Against Complacency in Face of Global Threats READ MORE Gold Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting READ MORE JPMorgan Chase CEO Jamie Dimon Remains Cautious on the U.S. Economy READ MORE Was I Wrong About $20,000 Gold & Who Wins? READ MORE Add a Comment Cancel replyYour email address will not be published.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