Gold reached an all-time high of $2,500 an ounce due to a weaker US dollar, US interest rate cut expectations, and Middle East tensions.
Gold reached an all-time high of $2,500 an ounce, driven by a weaker US dollar, rising expectations of a US interest rate cut in September, and geopolitical tensions in the Middle East. These factors have increased demand for gold, as it is viewed as a safe investment during times of risk and uncertainty.
August 16, 2024
69 Articles