Gold surged to record highs on 1% climb amid Fed rate cut expectations and a slowing US economy.
Gold prices surged to a record high on Thursday, climbing over 1% amid growing optimism for a Federal Reserve interest rate cut due to signs of a slowing U.S. economy. Spot gold reached $2,554.05 per ounce, while U.S. gold futures settled at $2,580.60. This rally reflects increasing investor confidence in gold as a safe haven amid economic uncertainty.
September 12, 2024
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