Gold Price Climbs to $2,577.50 as Rate Cut Expectations Grow

Gold prices have reached new record highs, driven by expectations of interest rate cuts by the Federal Reserve and other central banks. The precious metal’s value has surged nearly 25% this year, benefiting from economic uncertainties, geopolitical tensions, and its status as a safe-haven asset. Investors are closely watching for signals from the Fed’s upcoming meeting, with most anticipating a rate cut that could further boost gold’s appeal compared to interest-bearing assets.