Gold extends record rally on dollar weakness, rate-cut bets

Gold prices extended their record run, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September.

The Gold-Dollar pair rose 0.4% in the last session. The Stochastic indicator is giving a positive signal.
XAU/USD gained 0.4% in the last session.
The Stochastic indicator is currently in positive territory.
Support: 2475.4513 | Resistance: 2524.6813