Gold Prices Surge as Fed Prepares for Interest Rate Cut

Analysts predict continued growth for gold amid economic shifts and central bank demand.

Gold has reached a record high of $2,584 per ounce, up 25% since the start of 2024.
The Federal Reserve is expected to cut interest rates this week, which could influence gold prices.
Central banks' increased gold holdings are providing a robust floor for gold prices.
Gold's appeal as a safe-haven asset is reinforced by ongoing geopolitical tensions and U.S. debt concerns.
Experts suggest that gold prices could continue to rise, with some predicting targets as high as $2,700 per ounce by early 2025.