Gold's Stellar Month Tipped by Fed's Monetary Hints Gold is set to achieve its most significant monthly increase since November 2022, driven by expectations of U.S. interest rate cuts, robust demand for safe-haven assets, and substantial purchases by central banks. With a 0.8% rise to $2,212.47 per ounce and heading for an over 8% monthly and a consecutive quarterly increase, gold reached a record high last week, bolstered by the Federal Reserve’s forecast of three rate cuts in 2024. The precious metal remains close to its peak, as investors await further U.S. economic data that could sway the Fed’s future monetary decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Financial Insecurity Looms for Gen X as Retirement Approaches READ MORE The Dollar's Reign to End Eventually, but Not Anytime Soon, Says Krugman READ MORE China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE Treasury Yields Dip as Markets Brace for Fed Rate Decision READ MORE Fed's Harker Leans Towards Modest 25bp Rate Cut to Start Easing Cycle READ MORE Add a Comment Cancel replyYour email address will not be published.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