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 HBAR – Real World Asset Tokenization is Here READ MORE SocGen Identifies 3 Key Indicators of Approaching U.S. Recession READ MORE The World Bank: Gold Investing Handbook for Asset Managers READ MORE Five Key Trends Shaping the Global Commodities Landscape This Week READ MORE ZeroHedge: Futures Flat As "Crazy Week" Begins READ MORE Add a Comment Cancel replyYour email address will not be published.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