22 August 2024
Gold prices have reached an all-time high, closing above $2,514 per Troy ounce on Tuesday. This surge is attributed to several factors, including a weaker U.S. dollar, expectations of Federal Reserve interest rate cuts, strong demand from central banks, and global economic and geopolitical uncertainties. While some view gold as a safe haven investment, others caution about its volatility and potential risks. Investors are advised to carefully consider their options and be aware of market dynamics before making decisions.