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Gold hits new all-time high: $4,000 per ounce
Gold has reached a new all-time high of $4,000 per ounce amid expectations of Fed rate cuts, a weaker dollar, and strong central bank purchases. Additional support comes from inflows into gold-backed funds and rising geopolitical tensions. FreshForex analysts forecast a climb to $4,200 by year-end. What happened today? On Wednesday morning, spot gold broke above the $4,000 mark for the first time ever, confirming this year’s impressive rally. The market is supported by expectations of interest rate cuts and steady safe-haven demand from both retail and institutional investors. Upcoming growth triggers: US CPI for ... (full story)