💨 Abstract

Gold prices reached a new record high on Monday, boosted by the Federal Reserve's interest rate cut and increased safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.2% to $2,628.28 per ounce, with U.S. gold futures gaining 0.3%. Gold is up over 27% this year, its biggest annual rise since 2010.

Courtesy: theprint.in