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 Gold Prices Surge on Geopolitical Tensions, Then Dip After Fed Comments READ MORE The Road to $3,000 Gold: Citi Analysts Eye Central Bank Moves and Global Economic Trends READ MORE Zimbabwe's Leadership Change Failing to Revitalize Its Troubled Economy READ MORE Hyperinflation Hits Argentina – Which Country Could be Next? READ MORE Since Bernanke's "Helicopter Money" Speech, Gold Outpaces Stocks READ MORE Add a Comment Cancel replyYour email address will not be published.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