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 WGC: Gold Demand to Hit Record With Central-Bank Buying READ MORE National Debt Set to Surge as Fed Maintains High Interest Rates READ MORE Goldman Sachs: Commodities Offer Superior Protection in Inflationary Times READ MORE $10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs READ MORE Money vs. Currency: The Great Gold & Silver Rush READ MORE Add a Comment Cancel replyYour email address will not be published.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