"Gold Surges to Record High Amid Expectation of Fed Rate Cut and Wall Street Momentum"

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.