![Amidst global concerns and Fed rate-cut expectations, gold is approaching a record high](https://market-tracker.in/wp-content/uploads/2024/08/Gold-Price-Rise-600x400.png)
Amidst global concerns and Fed rate-cut expectations, gold is approaching a record high
Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs. Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83…