💨 Abstract

Gold prices reached an all-time high on Wednesday, spurred by comments from Federal Reserve Chair Jerome Powell and the Fed's indication of potential interest rate cuts by half a percentage point by year-end. Spot gold rose 0.5% to $3,047.80 per ounce, surging above $3000 and driven by increased uncertainty and fears of inflation. The Fed kept its policy rate unchanged between 4.25%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖