Reported about 19 hours ago
Gold prices soared to a record high of over $3,500 per ounce, driven by expectations of imminent interest rate cuts by the US Federal Reserve and mounting economic uncertainties. This surge, which marks a more than 30% increase in gold's value this year, is encouraging investor interest in precious metals as a hedge against financial risks. Silver also saw significant gains, surpassing $40 per ounce, as demand remains strong in both investment and industrial sectors.
Source: YAHOO