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[Industry News]: Spot gold rises to US$2,530

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August 21, 2024, 9:43 AM

#Spot gold rises to $2530 ##Spot gold once again sets a new record high # To US$2530/ounce] Spot gold once again set a record high, reaching US$2530/ounce, up more than 1% within the day. After rising above $2500 for the first time on Friday, spot gold experienced a slight correction on Monday and hit a record high again on Tuesday. Recently, there are many factors driving gold's rise. For example, the market expects a 100% probability of the Federal Reserve cutting interest rates on September 19. The annual meeting of global central banks will be held this Friday. The market expects Powell to retain the option of a 50BP interest rate cut. (Cailian APP)