Gold reached a new record high, fueled by expectations of Federal Reserve rate cuts following weak US payrolls data. Traders are pricing in multiple rate cuts this year, boosting gold’s appeal as a non-interest-bearing asset. The metal’s rally is also supported by central bank purchases, geopolitical tensions, and concerns about the global economy, with analysts predicting further gains.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets