"Gold Surges to Record High Amid Expectation of Fed Rate Cut and Wall Street Momentum"
TL;DR
Gold reached a record high as expectations of US monetary easing and geopolitical risks drove momentum-driven fund activity, with spot gold rising to $2,130.79 per troy ounce. Strong physical demand in Asia, central bank purchases, and gold's safe-haven status also supported its rise. Analysts predict further upside potential, with some expecting gold to hit $2,300 this year. Meanwhile, silver has also rallied, while platinum and palladium have seen declines.
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- As gold scales all-time highs, Wall Street analysts say it has even further to go CNBC
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