Gold Price Today Hits Record High Near $4,530 as Fed Rate-Cut Bets Spark Year-End Safe-Haven Rush
Gold hit a record $4,530.60 per ounce in early Asian trading Friday before settling above $4,500, Reuters reported. U.S. gold futures for February rose 0.9% to $4,541.30. The surge followed safe-haven demand, bets on U.S. rate cuts, and thin holiday liquidity.