Gold Reaches Record $2,500 Amid Rate Cut Expectations

Weaker dollar and geopolitical tensions drive gold prices to new highs as Fed signals possible interest rate cuts.

Spot gold price surged past $2,500 per ounce, marking a new all-time high.
Anticipation of a Federal Reserve interest rate cut in September has bolstered gold's appeal.
Geopolitical tensions in the Middle East and Europe have increased demand for the safe-haven asset.
The U.S. dollar weakened, making gold more attractive to international buyers.
Analysts project gold could climb further, potentially reaching up to $2,900 per ounce.