💨 Abstract

Gold reached a record high on Thursday due to expectations of two possible interest rate cuts by the Federal Reserve this year, amid ongoing geopolitical tensions, a weaker US dollar, and slowing US economic growth due to tariffs. The Israeli military resuming operations in Gaza also contributed to gold's rally. Gold is considered a hedge against global uncertainties and thrives in a low interest rate environment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖