Gold climbs to record high as Fed signals two rate cuts in 2025
Gold rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes. Spot gold was up 0.1% at $3 049.89 an ounce as of 02:10 GMT. Bullion reached an all-time high of $3 055.96 earlier in the session. US gold futures gained 0.6% to $3 058.40.
Gold rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes.
Spot gold was up 0.1% at $3 049.89 an ounce as of 02:10 GMT. Bullion reached an all-time high of $3 055.96 earlier in the session.
US gold futures gained 0.6% to $3 058.40.
