Gold Soars to New Heights as Central Banks and Investors Pile In Gold prices reached new heights on Tuesday, driven by strong demand from central banks and investors anticipating a Federal Reserve rate cut. The precious metal’s value has surged over 23% this year, touching record levels above $2,525 per ounce for spot gold and $2,560 for futures contracts. This rally is fueled by central banks’ record gold purchases, geopolitical tensions increasing its safe-haven appeal, and expectations of lower interest rates. Analysts predict further price increases, with UBS Global Wealth Management forecasting gold to reach $2,600 per ounce by the end of 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices are Dropping. CBSNews Shares 5 Good Reasons to Invest Now READ MORE 78% of Americans Living Paycheck to Paycheck in 2024, Study Reveals READ MORE America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations READ MORE U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates READ MORE Add a Comment Cancel replyYour email address will not be published.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