Jul 17, 02:10 PM

Gold Prices Hit Record Levels, Reaching $2,465.65 and Peaking at $2,483.73

Gold prices have recently hit record levels, with the spot price reaching $2,465.65 per ounce on Monday afternoon. The surge in gold prices is attributed to market expectations of potential interest-rate cuts from the Federal Reserve. However, gold prices have since fallen from their peak of $2,483.73 per ounce as traders reassess their bets on Federal Reserve rate cuts amid signs of cooled US inflation.

#Federal Reserve #US

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