Gold hits all-time high after Fed decision boosts demand - Breaking The News
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    Gold hits all-time high after Fed decision boosts demand

    UNSPLASH / ANDREJ SACHOV

    Precious metals prices rose on Thursday, with gold surpassing its previous record in late October, reaching an all-time high of 2,790.87.

    The market reaction comes a day after the US Federal Reserve decided to halt the path of rate cuts, as the institution is willing to wait for some "real" progress on inflation or weakness in the labor market before continuing.

    Gold increased 1.24% at 10:20 am ET and sold for $2,790.26 per ounce. At the same time, silver went up 2.65% to sell for $31.58 per ounce. A minute later, Platinum added 1.86%, selling for $969.37 per ounce, while Palladium rose 2.02% and sold for $974.75 per ounce.

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