Gold Prices Reach All-Time High Amid US Rate Cut Expectations

Gold Prices Reach All-Time High Amid US Rate Cut Expectations and Strong Chinese Demand

Gold prices have soared to unprecedented heights, setting a new record of $2,482.29 on Wednesday, July 17th.

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[{"selector":"#anim-79a737a4-e6c3-4123-8a7b-f1f6eacccc79 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2af147ba-3e68-40bf-ba98-062768d3d581","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-031bc963-fded-460d-9f15-961be4f8983d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] One of the contributors to the recent surge is the anticipation of a rate cut by the US Federal Reserve. This expectation has fueled investor sentiment, as lower interest rates typically make gold a more attractive investment.

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[{"selector":"#anim-e7e6b6e2-6054-4733-a4d7-0cd9296c00a9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2c7bea97-ebf8-445a-8825-cf8d55806ed0","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] In India, gold prices reached ₹74,908 as of 11:30 A.M on the Multi Commodity Exchange (MCX). Being one of the largest consumers of gold, India has also seen a surge in demand, Learn more