Gold Soars to New All-Time Highs on Fed Rate Cut Expectations and Shanghai Buying Frenzy
Gold (XAU/USD) surged to an unprecedented all-time high of $2,482 during Wednesday’s Asian session, propelled by growing expectations of a September rate cut by the Federal Reserve (Fed) and a surge in buying activity on the Shanghai Futures Exchange (SHFE). Market Drivers and Outlook Fed Governor Adriana Kugler’s recent remarks, suggesting a potential rate cut […]