Sana'a: Gold prices maintained their record high on Wednesday, holding above $3,500, amid growing investor confidence that the Federal Reserve will cut interest rates in September. Gold prices have been on an upward trajectory as investors remain optimistic about potential monetary policy changes.
According to Yemen News Agency, spot gold rose about 0.2 percent to $3,540.64 per ounce. This increase in spot gold prices reflects the positive sentiment among investors who are banking on the Federal Reserve's anticipated interest rate cuts. Furthermore, US gold futures for December delivery saw a rise of 0.4 percent, reaching $3,607.60. This indicates a strong expectation of future gains in the gold market as a result of the expected policy shifts.