Gold Prices Shatter Records: Inflation Data Fuels Rate Cut Speculations Gold prices soared to a new record high, as expectations for U.S. interest rate cuts gained momentum following the release of encouraging inflation data. On Monday, gold futures climbed by more than $40, reaching $2,278.30 an ounce, marking a historic peak. This surge is part of a broader trend, with gold finishing March with an 8.9% increase and closing the quarter up by 8%. The rally in gold prices is largely attributed to recent U.S. inflation figures coming in below expectations, suggesting the Federal Reserve might consider reducing interest rates as early as June. The anticipation grew after data showed the Fed’s preferred inflation measure, the core deflator, slowed to 0.3% in February from 0.5% the previous month. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Schroders Investment Insights: The Case for Gold in 2024 READ MORE Emerging Market Debt Issuance Hits Record High in January READ MORE Retirement Dreams Fade for Young Americans Amid Economic Challenges READ MORE Decline in Gold Prices Leads to Weakening of Zimbabwe's ZiG Currency READ MORE Money vs. Currency: The Great Gold & Silver Rush READ MORE Add a Comment Cancel replyYour email address will not be published.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