Gold Soars to All-Time High as Dollar Weakens and Rate Cut Hopes Grow Gold prices have reached a new record high, driven by a weakening US dollar and increased buying from Western investors. The surge comes as markets anticipate potential interest rate cuts by the Federal Reserve in September. Despite muted demand in China, the world’s largest gold consumer, the precious metal has gained 22% this year, benefiting from its status as a safe-haven asset amid economic uncertainties. Investors are closely watching Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole for further insights into monetary policy direction, which could impact gold’s trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight READ MORE Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts READ MORE Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Leading Economic Index Suggests U.S. Recession Fears Receding READ MORE Powel Says Fed on Track to Cut Interest Rates 3 Times This Year READ MORE Add a Comment Cancel replyYour email address will not be published.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