Gold scales record peak as Fed signals two rate cuts in 2025
March 20 (Reuters) – Gold touched an all-time high on Thursday as the U.S. Federal Reserve signalled two possible interest rate cuts this year, adding to the bullion’s appeal amid ongoing geopolitical and economic tensions. Spot gold held steady at $3,047.1 an ounce as of 0700 GMT, after hitting a record high of $3,057.21 earlier in the session. U.S. gold futures gained 0.4% to $3,054.10. Gold is driven by “a lot of uncertain market situations, geopolitical tensions, weaker U.S. dollar and expectations that interest rates will be cut later”, said Dick Poon, general manager at Heraeus Metals Hong Kong Ltd.