Gold Prices Surge as Federal Reserve Prepares for Another Rate Cut

Investors anticipate continued gold price increases with the Federal Reserve's expected interest rate cut this week.

Gold prices have reached near-record highs, increasing by over $685 per ounce since the start of the year.
The Federal Reserve is widely expected to announce a quarter-point interest rate cut in its upcoming meeting on November 6-7.
Lower interest rates typically boost gold prices by reducing the opportunity cost of holding non-yielding assets.
Global central banks have significantly increased their gold reserves, supporting the metal's upward price momentum.
Investors are considering various gold investment options, including physical gold and ETFs, to diversify portfolios amid economic uncertainty.