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 25 Million Borrowers to Receive Student Loan Forgiveness Updates READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE Bank of America Predicts Silver Prices to Hit $35/oz by 2026 READ MORE UBS Forecasts Commodity Rally Driven by Strong Fundamentals READ MORE JPMorgan Sees Gold Soaring to $2,500 READ MORE Add a Comment Cancel replyYour email address will not be published.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