Gold Price Alert: Gold Spot Prices Just Hit a Record High Today

Investors in gold are excited on Tuesday as the spot price of the precious metal hit a recent high of $2,113.28 per ounce during a rally yesterday.The increasing price of gold is catching up to its current record high of$2,135.40 that was achieved in December 2023. To understand why gold is gaining lately, we have to look to the Federal Reserve.Investors in gold are hoping that the Fed is done with interest rate increases. In fact, many are betting that the agency will drop interest rates starting in June. ...