Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand

Gold soared to an all-time high on Tuesday, driven by anticipation of relaxed U.S. monetary policies and ongoing global tensions. This surge is supported by a robust foundation: heightened physical demand in Asia, consistent central bank acquisitions, and gold’s enduring appeal as a safe haven. Central banks have consistently added to their gold reserves for eight consecutive months, underlining the metal’s attractiveness. The price of spot gold climbed 0.8%, reaching $2,130.79 per ounce and briefly peaking at $2,141.59, signaling strong momentum that may continue to lift gold’s value.