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 Will Gold Continue to New Heights? READ MORE From Tokyo to Istanbul: The World Reacts to a Surging US Dollar READ MORE Goldman Sachs: Gold is the Best Investment Right Now READ MORE U.S. Job Openings Hit Lowest Point Since 2021 READ MORE Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution READ MORE Add a Comment Cancel replyYour email address will not be published.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