Gold jumps to record high after U.S. Fed delivers 50 bps rate cut
Gold prices rose to an all-time high on Wednesday after the U.S. Federal Reserve cut interest rates by 50 basis points, sending the dollar lower.
Spot gold was up 0.9% at $2,592.39 per ounce. U.S. gold futures settled 0.2% higher at $2,598.60.
