Market Views: Will gold prices keep hitting record highs?
Gold has been reaching new highs lately, driven by the market's anticipation of a potentially dovish shift in Federal Reserve policy. Which direction is the precious metal heading in the next few months? Experts give their takes.
After Wednesday's US Federal Reserve meeting raised dovish market expectations, gold hit a new record, surpassing $2,200 per ounce during the Asia trading hours.
The precious metal has been setting record highs lately, amid several factors including market expectations for rate cuts in the US.
Lower interest rates are traditionally a boon for gold. Other factors that affect gold prices include geopolitical tensions, the US dollar trend, and central bank demand.
Gold prices hav…
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