Gold Prices Hit New Record High Amid Rate Cut Expectations

Investors flock to gold as the Federal Reserve signals potential interest rate cuts, driving demand for the precious metal.

Gold prices surged to an all-time high of $2,482.29 per ounce, surpassing previous records set earlier this year.
The Federal Reserve is expected to cut interest rates in September, making gold a more attractive investment.
Central banks and investors are increasing their gold holdings as a hedge against economic uncertainty and geopolitical tensions.
A weaker dollar and lower Treasury yields are contributing to the rising gold prices.
Analysts predict gold could reach $2,700 to $3,000 per ounce within the next year.