As global market continues to grapple with financial uncertainties, the value of gold, one of the world’s oldest and most trusted safe-haven assets, saw a substantial leap, hitting a record high above $4,500 today. This increase has been attributed to the increasing anticipation of rate cuts by the Federal Reserve, driven by indications of potential slowed economic growth.
As investors brace for Monday’s market opening, analysts are keenly observing this trend as gold’s value often functions as an indicator of broader market sentiments. The Fed’s potential policy changes also loom large over market projections.
Stay tuned for more live updates as the market develops before Monday’s opening bell. Read More
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