Gold hits high of USD 2,483; Fed Rate Cut expectations, geopolitical tensions fuel rally

New Delhi [India], July 20 (ANI): After a brief pause in June, the gold market has resumed its upward trajectory with vigour. The price of gold, which opened in the low USD 2,300s in early July, quickly surpassed the USD 2,400 mark and achieved a high of USD 2,483 this Wednesday, according to Metals Focus report.

The recent gains in gold prices have been influenced by anticipation of a US Federal Reserve interest rate cut