Gold Hits Fifth Record High in March as Fed Discusses Rate Cuts Gold prices surged to unparalleled heights for the fifth time in March, setting a new record after the U.S. Federal Reserve indicated plans for three interest rate cuts in 2024. This decision comes despite ongoing concerns about high inflation. The price of spot gold increased by 0.8% to $2,202.39 per ounce, after briefly reaching a peak of $2,222.39, while U.S. gold futures saw a 2% rise to $2,204.50. Analysts, including Julius Baer’s Carsten Menke, attribute this remarkable rally to the Fed’s recent remarks, which confirmed a forthcoming shift towards reducing U.S. interest rates, sparking a frenzy among investors. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts READ MORE Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses READ MORE Gold’s Behaviour Points to Sustained Strong Demand READ MORE U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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