Gold Prices Soar to Near Record Highs Amid Geopolitical Tensions, Fed Rate Cut Hopes

• Gold prices are trading near all-time highs globally and domestically, driven by geopolitical tensions and expectations of a Fed rate cut.
• Comex spot gold reached $4,626.40 on January 14, after hitting an all-time high of $4,642.9 on January 13.
• On MCX, 24-carat gold futures traded at Rs 1,42,801 per 10 grams, peaking at Rs 1,42,949 on January 13.
• Market participants are cautious ahead of US CPI data, which is crucial for the Fed's policy decisions, keeping volatility high.
• Geopolitical risks, including US involvement in Venezuela, unrest in Iran, Ukraine conflict, and US-China/Japan tensions, are fueling safe-haven demand for gold.

Why It Matters: Gold prices are at near-record levels due to global tensions and anticipated Fed rate cuts, with high volatility expected.