Gold tops $2,500 as investors brace for rate cuts
Published: 20 Aug. 2024, 16:53
Updated: 20 Aug. 2024, 17:53
![Gold bars are displayed at the Korea Gold Exchange in Jongno District, central Seoul on Tuesday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/08/20/4c6c0d5b-cf89-48c5-a379-6047e2b02e56.jpg)
Gold bars are displayed at the Korea Gold Exchange in Jongno District, central Seoul on Tuesday. [YONHAP]
Gold bars are displayed at the Korea Gold Exchange in Jongno District, central Seoul, on Tuesday.
Gold topped $2,500 an ounce for the first time in history, making the precious metal one of the best-performing commodities of 2024, as hopes that the U.S. Federal Reserve will cut interest rates remain high.
with the Korea JoongAng Daily
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