Gold prices hit a historic high as Federal Reserve rate cut expectations drive investor demand

Gold hits a new historical high, and traders are unfazed by the cautious comments from Federal Reserve officials regarding the monetary policy outlook after last week's interest rate cut. During the Asian session on Tuesday, gold prices rose slightly, reaching $3,749.27 per ounce, following two consecutive trading days of increases and setting a new historical high. Investors are flocking to exchange-traded funds (ETFs), with the growth rate of their holdings last Friday marking the fastest pace in over three years