Gold Surges to Unprecedented Peak Amid Mounting Bets on Federal Reserve Rate Cuts
Gold prices soared to a historic high on Monday, driven by growing market confidence that the U.S. Federal Reserve will extend its rate-cutting cycle into the coming year. In early trading, the spot price of gold reached an all-time peak of $4,383.76 per ounce, surpassing its previous record of $4,381.52 set in October. The…