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Analysis: Expectations of interest rate cuts in the US and safe-haven appeal drive Spot gold to a new historical high
Golden Finance reports that spot gold surged to a historic high of $4,384.82/ounce on Monday, driven by market expectations of further rate cuts from the Fed, sustained safe-haven demand, and a weakening dollar. Fueled by geopolitical tensions, trade disputes, a central bank buying spree, and hopes for rate cuts next year, gold, a traditional safe-haven asset, has risen 67% so far this year. Investors are currently pricing in two rate cuts by the U.S. in 2026, enhancing gold's appeal. (Jin10)