Gold Prices Surge to a New All-Time High Surpassing $2,570 per Ounce

BREAKING: Gold prices have surged to a new all-time high, surpassing $2,570 per ounce, driven by growing market uncertainty.Rate-Cut Optimism Has Gold Prices at a Record HighStory by Lyle Niedens, Investopedia Key Takeaways The European Central Bank cut interest rates for the second time in three months Thursday, which infused gold markets with enthusiasm. U.S. wholesale prices rose just 1.7% in August compared with a year ago, bolstering the case for Federal Reserve interest-rate cuts in the U.S. next week. Futures traders expect the Fed to treat lightly while cutting rates for the first time since the pandemic. The spot price of gold…