ASX VIDEO (18 October): Gold Soars as Fed Rate Cut Expectations Rise

Gold prices surged to a new all-time high on Thursday, buoyed by growing anticipation of further interest rate cuts from the US Federal Reserve and escalating uncertainty surrounding the upcoming presidential election.

Australian gold mining stocks also experienced a significant rally, reflecting the positive impact of higher gold prices on the sector. Companies with substantial gold reserves benefited from the increased value of their assets.

In other news, Flight Centre (ASX:FLT) reported a rise in international ticket sales but cautioned that lower airfares were limiting profit growth. 

The company remains optimistic about the overall outlook for Australian outbound travel, forecasting a 4-5% increase in the coming year. 

Additionally, Beach Energy (ASX:BPT) announced the appointment of Ryan Stokes as its new chairman.

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