Gold prices hit an all-time high on Thursday, continuing a recent rally that has taken the yellow metal beyond the previous peak seen in late October 2024. What is behind the recent push? Gold’s acceleration has come at the expense of the U.

Gold prices slipped on Wednesday as the dollar and bond yields rose after the U.S. Federal Reserve held interest rates steady, as widely expected, providing little clarity on the timing of future rate cuts.

Gold hit a new all-time high as the dollar declined after the latest US economic data showed softer-than-expected growth at the end of last year.