Reported about 2 months ago
Gold prices surged to record levels, exceeding $2,525 per ounce, influenced by strong demand from central banks and rising geopolitical tensions. Investors anticipate a potential Federal Reserve rate cut in September, further fueling this trend. As central bank purchases in 2024 reached historic highs and with continued inflows into gold ETFs, analysts predict prices could reach $2,600 per ounce by year-end.
Source: YAHOO