Gold Prices Surge to Record High as Rate Cut Looms ...Middle East

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Gold Prices Surge to Record High as Rate Cut Looms
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Gold surged to an all?time high on Tuesday as markets responded to a weakening U.S. dollar, intensifying expectations of a Federal Reserve rate cut, and heightened investor concerns over the central bank’s independence. The price of gold climbed 0.9% to $3,508.70 per troy ounce in early Asian trading before pulling back slightly to around $3,497.  Expectations of a Federal Reserve rate cut in September remain elevated, with the CME FedWatch tool indicating a roughly 90% probability of a 25?basis?point cut. A softer U.S. dollar has made…

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