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 Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE The 21st Century Gold Rush: A Barometer of Global Unease READ MORE Consumer Confidence Dips: Retail Sales See Unexpected Decline in January READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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