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Gold Hits Record $2,530 Amid Fed Rate Cut Speculation and Asian Demand

Investors turn to gold as the U.S. dollar weakens and economic uncertainties persist.

  • Gold prices reach an all-time high of $2,530 per ounce.
  • Speculation on potential Federal Reserve rate cuts boosts investor interest.
  • Strong demand from India and China continues to drive gold prices upward.
  • The weakening U.S. dollar enhances gold's appeal as a safe-haven asset.
  • Upcoming Federal Reserve communications could influence future gold price movements.
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