Gold Prices Soar to Record Highs Amid Rate Cut Expectations, Geopolitical Tensions

Investors flock to the precious metal as a safe haven, driving prices to unprecedented levels in response to economic uncertainty and central bank actions.

Gold prices reached a new all-time high, with spot gold peaking at $2,141.79 per ounce, driven by expectations of interest rate cuts and geopolitical tensions.
Investors are increasingly viewing gold as a safe haven amid economic uncertainty and conflicts in the Middle East, contributing to its price surge.
Central banks have continued to purchase gold as an inflation hedge, while recent economic data has fueled hopes for global rate cuts.
Analysts predict gold prices may remain volatile but could see further increases, especially if the Federal Reserve begins cutting rates as anticipated.
The rise in gold prices comes despite Warren Buffett's skepticism about its utility, highlighting a shift in investor sentiment towards traditional safe-haven assets.