INSUBCONTINENT EXCLUSIVE:

Gold prices soared to unprecedented heights on Thursday, driven by a weakening dollar and anticipation of an imminent Federal Reserve

interest rate cut.This surge reflects broader economic trends and geopolitical tensions, impacting various sectors of the commodities

set on August 29.This rally comes amid mixed economic indicators in the United States

August saw a slight increase in U.S

expecting a modest 25 basis point rate cut.Gold Hits Record High as Fed Rate Cut Looms

(Photo Internet reproduction)Producer prices in August also rose marginally above forecasts, primarily due to higher service costs

However, the overall trend still points towards decelerating inflation.The Consumer Price Index for August registered at 2.5%, down from

This data reinforces expectations of a rate cut, a scenario typically favorable for non-interest-bearing gold.Palladium experienced a

notable 2.3% increase, reaching $1,031 per ounce

restrictions.Copper prices also hit a two-week high, climbing 1.9% to $9,263.50 per metric ton on the London Metal Exchange

This uptick reflects growing demand in China and prospects of interest rate cuts.These developments underscore the intricate relationship

between monetary policy, geopolitical events, and commodity markets

As global economic uncertainties persist, gold continues to attract investors seeking safe-haven assets.