GOLD - USD - Avisha ji - 07/17/2024 (GMT)

On Tuesday, global financial markets once again witnessed the strong performance of the gold market. The spot gold price opened higher and ended higher, eventually closing up 1.93% at $2,468.40 per ounce. This price not only marked a sharp rise in the gold price that day, but also set a record high. Behind this round of gold price rise, there are two main factors: traders' increased bets on the Fed's future interest rate cuts and expectations of Trump's victory in the US presidential election.