Gold Strives for Highs

Gold Strives for Highs

Thursday, 20 February 2025 08:28 WIB. Gold prices edged higher to a record high on Thursday morning (2/210) as fresh geopolitical tensions supported demand for the precious asset, with traders looking for past signals that the Federal Reserve is in no rush to cut interest rates.Meanwhile, investors were digesting the latest Fed minutes, which reiterated U.S. policymakers’ cautious stance on interest rates amid stubborn inflation and economic uncertainty. Lower borrowing costs tend to benefit bullion, as it does not pay interest.
Source: Newsmaker.id