Following the U.S. Federal Reserve's decision to maintain its outlook for three rate cuts this year, gold prices surged, reaching a historic milestone. Analysts are now seeing the potential for gold to reach $2,600 per ounce amid strong market demand. The immediate aftermath of the Fed's decision saw spot gold rise by 0.2% and subsequently hit a new all-time high of $2,200 an ounce for the first time, with gold prices climbing to $2,206 and silver to $25.88. This significant increase in gold prices reflects market uncertainties and inflation concerns. The S&P 500 also experienced a modest rise of 0.13% following the FOMC policy statement, indicating a broader impact on financial markets.