Gold strikes fresh record high above $2,609

Gold prices hit a new record high of $2,609.74 per ounce on Friday in Hong Kong. This surge comes two days after the Federal Reserve’s decision to cut interest rates for the first time since the pandemic began. The Fed also hinted at more potential rate cuts in the future. The prospect of lower interest rates has increased demand for gold, driving its price to unprecedented levels in the precious metals market.READ FULL