New High: Gold prices exceeded $2,700 per ounce on October 18.
Weekly Gain: The price posted a nearly 2% increase for the week.
Comparison to Stocks: Gold's performance outpaced the S&P 500's 0.5% advance.
Consistent Growth: This marks the fifth weekly gain in the last six weeks for gold.
Market Drivers: Momentum has picked up following the Federal Reserve's interest rate cut of 0.5% last month.
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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