GOLD BREAKS $2,700 BARRIER FOR THE FIRST TIME IN HISTORY

GOLD BREAKS $2,700 BARRIER FOR THE FIRST TIME IN HISTORY
GOLD BREAKS $2,700 BARRIER FOR THE FIRST TIME IN HISTORY

Gold prices reached a historic high, breaking $2,700 per ounce.

The rise in gold prices is due to increased demand as a safe haven amid the Middle East conflict and the death of Hamas leader Yahya Sinwar.

US data, like strong manufacturing growth and better retail sales, did not significantly affect gold.

Unemployment claims in the US dropped, showing a strong job market.

The Federal Reserve is unlikely to aggressively cut interest rates soon.

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