Gold Soars to New Heights as Fed Rate Cut Hopes Intensify The price of gold reached an all-time high, fueled by anticipation of potential Federal Reserve interest rate cuts, amid ongoing geopolitical conflicts and strong demand from China. The price of bullion surged to $2,265.73 an ounce, a 1.6% increase from its previous close, continuing its streak of record-setting performances. This rally has been partly driven by the latest data on the Fed’s preferred inflation measure, the core personal consumption expenditures index, which showed a decrease in February, signaling a possible easing in borrowing costs despite the Fed’s cautious stance. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Recession Mentions in Earnings Calls Fall as Economic Outlook Improves READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE Revisiting the 2024 Gold Price Predictions READ MORE Yukon Government Seeks Control of Victoria Gold After Mine Disaster READ MORE Global Creditors Deeply Concerned with Debt Relief Ratings READ MORE Add a Comment Cancel replyYour email address will not be published.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