Gold Prices Surge Towards New Record After Breaking Resistance
Global gold prices are rising, nearing record levels as of Wednesday's trading.
Investors are awaiting U.S. economic data to gauge potential Federal Reserve interest rate cuts.
ANZ Bank's Sonny Kumari noted that easing U.S. monetary policy could boost gold investment demand.
Uncertainty from upcoming U.S. elections and ongoing geopolitical tensions are expected to further support gold prices.
Key U.S. reports on retail sales, industrial production, and jobless claims are due Thursday, providing insights into the Fed's monetary policy direction.
