Gold prices surged on Thursday, driven by the anticipation of a more extensive interest rate reduction cycle by the U.S. Federal Reserve, which is largely anticipated to commence this month. As of 0926 GMT, spot gold had climbed by 0.9% to $2,516.18 per ounce. The precious metal had previously reached an all-time peak of $2,531.60 on August 20.
Comments
Post a Comment