Gold Price Surge
Gold jumps to a record above $2,200 an ounce after the Federal Reserve maintains outlook for rate cuts, fueled by geopolitical risks and expectations of looser monetary policy in the US.
Key Points
- Gold price hits record high above $2,200 an ounce
- Federal Reserve maintains outlook for rate cuts
- Geopolitical risks and expectations of looser monetary policy driving surge
Pros
- Record high price for gold
- Fueled by geopolitical risks
- Expectations of looser monetary policy in the US
Cons
- Surge in price not clearly linked to a specific catalyst