Gold prices reached a historic high of $2,500 per ounce for the first time, marking a significant milestone.
This surge was fueled by a combination of factors, including expectations of an interest rate cut by the Federal Reserve, central banks’ substantial gold purchases, and a general optimism about monetary easing.
The price of gold has seen a notable increase of over 20% this year, reflecting a strong market sentiment towards the precious metal.
Despite the record-breaking prices, some observers noted a lack of coverage in mainstream media, suggesting a possible underappreciation of gold’s performance in the broader financial
landscape.
