Publicly available gold price data from financial news outlets such as Bloomberg, Reuters, or official market exchanges

Gold Prices Hit New All-Time High of $2,451, Up 0.80%

Jul 16, 2024, 02:55 PM

Gold prices have reached a new all-time high, hitting $2,451 per ounce, up 0.80%. This milestone surpasses the previous record of $2,450. The increase is attributed to market optimism about a potential rate cut by the US Federal Reserve in September. Analysts suggest that if gold can maintain this level, it could signal the start of the next leg of the bull market, with prices potentially gunning for $2,800.