Gold climbed to a record high as the Federal Reserve hinted at possible interest rate cuts, boosting bullion's appeal amid geopolitical and economic concerns. Spot gold reached an all-time high of $3,055.31 per ounce. The Fed expects two quarter-percentage-point rate cuts by the end of the year. The uncertainty surrounding tariffs, potential rate cuts, and tensions in the Middle East have contributed to gold's rally. Gold is historically considered a hedge against uncertainties and thrives in a low interest rate environment.