"Gold Surges to Record Highs Amid Fed Cut Speculation and Geopolitical Tensions"

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Source: Bloomberg
"Gold Surges to Record Highs Amid Fed Cut Speculation and Geopolitical Tensions"
Photo: Bloomberg
TL;DR Summary

Gold prices surged to a record high as the second quarter began, propelled by expectations of rate cuts from the Federal Reserve and escalating geopolitical tensions. The precious metal reached as high as $2,259.69 an ounce on Monday, marking a 1.3% increase from Thursday's closing price and continuing its recent upward trend.

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