Reported 27 days ago
Gold prices reached a record high of $2,790.10 before retreating by 2% to $2,731.65 as investors sold off to secure profits. This volatility follows strong U.S. economic data suggesting a cautious approach to interest rate cuts, which typically supports gold prices. With inflation at 2.1% and ongoing geopolitical tensions, gold remains a safe haven amid uncertainties in the approaching presidential election.
Source: YAHOO