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 De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Jackson Hole Symposium: Powell's Speech to Signal Fed's Rate Cut Strategy READ MORE Biden-Harris Administration Proposes New Rules for Extensive Student Debt Relief READ MORE Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Add a Comment Cancel replyYour email address will not be published.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