Gold Prices Trading Near Record-High $2,150 Amid Rate-Cut Expectations

Gold prices have continuously risen over the past few days to hit record-high levels as traders increasingly expect the U.S. Federal Reserve to begin lowering interest rates. On Wednesday, spot gold was trading at around $2,142 per ounce as of 09:35 a.m. EST, up 7.96 percent from a low hit on Feb. 14. This is higher than the historical high of $2,141.59 hit on Tuesday. Prices have gone up every single day for the past five days. The surge in prices is happening as many investors believe the Fed may soon start cutting down interest rates. Gold and interest rates are thought to have a negative correlation—that is, declining interest rates make assets like gold attractive to investors....