Gold Reaches New Peak Amidst Market Fluctuations

In an unprecedented turn of events, gold prices have surged to a new all-time high, reaching an astonishing $3,030. This remarkable increase comes in the wake of the US Federal Reserve's recent decision to halt rate cuts, a move that has sent ripples through the global markets.

Market Reactions and Precious Metals Performance

Following the Federal Reserve's announcement, the market has shown mixed reactions. While gold continues to shine, other precious metals have not fared as well. Silver, platinum, and palladium have all experienced declines, with silver dropping by 0.66% to $33.59, platinum decreasing by 0.37% to $995.14, and palladium falling by 0.72% to $943.20.

The Federal Reserve's decision to pause rate cuts, citing the need for "greater clarity" amidst ongoing tariff-related uncertainties, has been a key driver behind gold's recent surge. This cautious approach has heightened inflation expectations, further fueling the demand for gold as a safe-haven asset.