Gold’s Behaviour Points to Sustained Strong Demand March has seen gold’s price soar, hitting a new record of USD 2,221 per ounce, fueled by the Federal Open Market Committee’s (FOMC) announcement of three projected rate cuts this year. Despite a slight dip following a surge in the dollar, gold is on track for a 7% gain this month, with silver not far behind at a 10% increase. This rally comes after both metals faced declines earlier in the year, reacting to rising dollar values and U.S. Treasury yields, which were influenced by higher inflation expectations and reduced rate cut forecasts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts True Inflation May Have Peaked in Late 2022 READ MORE Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns READ MORE Oil Prices Slide as Fed Signals Longer High Rate Environment READ MORE U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 READ MORE The Paradox of Gold: Prices Soar While Retail Investors Step Back READ MORE Add a Comment Cancel replyYour email address will not be published.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