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 Defying Conventional Thinking: Gold Gains Against Rising Rates and a Robust Dollar READ MORE 2,400-Year-Old Gold Coins Found in Turkey: A Mercenary's Treasure READ MORE Market Predictions Shift: Fed Rate Cut Now Seen as June Event READ MORE Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points READ MORE Saudi Arabia Officially Joins BRICS READ MORE Add a Comment Cancel replyYour email address will not be published.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