How Lower Rates and Central Bank Moves Propel Gold’s Surge Gold’s recent rally to over $2,200 an ounce, marking a significant 10% increase since mid-February, underscores a turning point for the precious metal. This surge, surprising to many, affirms the strength of several factors working in favor of gold. The Federal Reserve, under Jerome Powell’s guidance, has hinted at a softer monetary approach, potentially cutting rates up to three times in 2024. This shift away from the stringent monetary policies of the past year and a half signals a brighter outlook for gold. As real yields decrease, the appeal of gold, which doesn’t bear interest, naturally grows, positioning it as an increasingly attractive investment amidst the anticipated rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE Record High Industrial Demand for Silver Anticipated in 2023 READ MORE JP Morgan's Warning Sparks Gold Rush READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment