Gold Hits Record High as Investors Bet on Fed Rate Cuts

Group 1 - Gold prices surged to a record high of $3,755 an ounce, reflecting a 1.3% increase, the largest since September 2 [1] - Investors are anticipating that the Federal Reserve will implement two more interest rate cuts by the end of 2025, which has positively impacted gold prices [1][2] - The recent decision by the Federal Reserve to lower rates has further boosted the demand for gold, as it typically rises when borrowing costs decrease [2]