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 This Is the Greatest Manipulation of Gold In History READ MORE Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints READ MORE Goldman Sachs: Commodities Offer Superior Protection in Inflationary Times READ MORE Brent Crude Falls to $86, Market Stabilizes Amid Easing Mideast Concerns READ MORE From Treasuries to Gold: China's Shifting Reserve Strategy READ MORE Add a Comment Cancel replyYour email address will not be published.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