**Gold Hits Record High Amid Fed Rate Cuts, Bitcoin Follows Suit**

Gold prices have soared to an all-time high of $2,629 per ounce, driven by a recent 0.5% interest rate cut from the Federal Reserve. This move has made traditional assets like short-term government bonds less appealing, pushing investors towards gold as a safer bet.

Global tensions, including conflicts in Ukraine and the Middle East, along with the upcoming U.S. election, have further fueled gold's rise. Goldman Sachs forecasts gold could hit $2,700 by early next year.

Meanwhile, Bitcoin, often dubbed "digital gold," has also seen a boost, climbing 8.5% to a four-week high of $64,660. Analysts predict a major breakout for Bitcoin, potentially reaching new all-time highs by the end of the year.