Gold Prices Reach Record High Amid Fed Rate Cut Expectations

As gold soars to $2,265.73 per ounce, experts debate its future amidst inflation concerns and geopolitical tensions.

Gold prices soared to a record high of $2,265.73 per ounce on Monday, driven by expectations of U.S. Federal Reserve rate cuts and its appeal as a safe haven asset.
Experts are divided on the future trajectory of gold prices, with some predicting stability and others forecasting continued growth due to inflation and geopolitical uncertainties.
The Federal Reserve's recent data showing a cooling inflation rate has bolstered the case for a reduction in borrowing costs, further fueling the rally in gold prices.
Central banks, particularly in China, have been significant buyers of gold, diversifying their reserves amid global economic and geopolitical risks.
Despite its record highs, gold's performance is still being closely monitored against other investment options, with some experts cautioning against over-reliance on the precious metal.