CNN —
Not all that glitters is gold, but the value of the precious metal has been surging this year.
Gold prices have broken record after record, rising more than 30% in 2024 while hitting an all-time high of $2,748.23 this week.
The Federal Reserve’s recent dramatic half-point interest rate cut, geopolitical tensions and economic uncertainty surrounding the US presidential election have created the conditions for prices to soar. The rally has been boosted by the central banks of China, India and Turkey easing their reliance on the US dollar as well as retail
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