![Gold prices surpass $2,500 to record highs as expectations of a rate cut rise](https://market-tracker.in/wp-content/uploads/2023/01/Gold-1.jpg)
Gold prices surpass $2,500 to record highs as expectations of a rate cut rise
As the prospect of lower U.S. interest rates hurt the dollar and encouraged more flows into the yellow metal, gold prices steadied in Asian trade on Wednesday after reaching record highs this week. Both spot and December-expiring gold futures saw 0.1% and 0.1% increases, respectively, to $2,515.44 and $2,553.35 an ounce. At $2,531.72 an ounce…