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 Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE Gold: The Unhackable Asset Continues to Shine READ MORE Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE January Inflation Breakdown READ MORE Convergence of Gold and Dollar: Precursor to Stock Market Downturn? READ MORE Add a Comment Cancel replyYour email address will not be published.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