Reported 2 months ago
Gold prices have recently soared to new record highs, surpassing $2,500 an ounce, driven by geopolitical tensions and downbeat U.S. economic data. Analysts suggest that ongoing uncertainties, including conflicts in Europe and the Middle East, combined with the possibility of rate cuts by the Federal Reserve, are encouraging investors to flock to gold as a protective asset. Given the current economic landscape, gold could rise further, potentially reaching a trading range of $2,500 to $2,700.
Source: YAHOO