Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 0.3% to $2,593.80 per ounce, while U.S. gold futures increased 1.2% to $2,646.30. Gold’s price has jumped 26% in 2024, the largest annual rise since 2010, as investors seek safe-haven assets amid global conflicts. Analysts warn the rally may face … Continue reading Gold breaks $2,600 barrier as Fed cut bets prolong historic run
