💨 Abstract

Gold prices hit a record high on Tuesday due to a mix of factors, including expectations of further U.S. interest rate cuts, China's economic stimulus, and Middle East tensions. Spot gold surged to $2,639.95 per ounce, with U.S. gold futures also gaining. Lower rates reduce the opportunity cost of holding gold, and further rate cuts are expected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖