📰 Gold $XAU Sets New Record High as Demand for Safe Haven Soars
Gold prices surged again today, surpassing $4,400 per ounce — the highest level ever recorded. Investors are flocking to gold amid rising expectations that the U.S. Federal Reserve will cut interest rates, increasing demand for safe-haven assets.
📈 What Is Driving Growth
💰 Rate Cut Bets: Traders expect the Fed to cut interest rates in early 2026, making gold more attractive compared to interest-bearing assets.
🌍 Safe-Haven Flows: Geopolitical tensions and global uncertainty are leading investors to turn to gold.
📊 Strong Yearly Growth: Gold prices have risen nearly 68% this year, marking the best performance in decades.
🔎 Local Price Trends
In Pakistan, gold prices have also increased, with the rate per gram rising compared to last week, reflecting strong global signals.
🟡 Conclusion
Gold continues to shine as a preferred choice during periods of seeking refuge, reaching new highs due to expectations of rate cuts and investor demand in uncertain markets.
