In early Asian trading on Friday, gold prices soared to an unprecedented high, driven by strong safe-haven demand and growing anticipations of additional interest rate cuts by the U.S. Federal Reserve. By 0209 GMT, spot gold had increased by 0.5%, reaching $4,501.44 per ounce, after hitting a record peak of $4,530.60 earlier in the session.
Gold hits record high on safe-haven demand, Fed rate-cut bets
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