Gold prices hit a record-breaking $2,600 per ounce, fueled by Federal Reserve rate cuts and geopolitical tensions. While some analysts expect a correction, the safe-haven demand may continue.
Tag:
Gold Rally
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Gold prices have skyrocketed to historic highs this year, driven in part by a surge in demand from China, the world’s biggest consumer of gold. Uncertain times and limited investment options are pushing Chinese investors towards gold as a safe haven asset.