How Lower Rates and Central Bank Moves Propel Gold’s Surge Gold’s recent rally to over $2,200 an ounce, marking a significant 10% increase since mid-February, underscores a turning point for the precious metal. This surge, surprising to many, affirms the strength of several factors working in favor of gold. The Federal Reserve, under Jerome Powell’s guidance, has hinted at a softer monetary approach, potentially cutting rates up to three times in 2024. This shift away from the stringent monetary policies of the past year and a half signals a brighter outlook for gold. As real yields decrease, the appeal of gold, which doesn’t bear interest, naturally grows, positioning it as an increasingly attractive investment amidst the anticipated rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yellen Puts China on Notice: U.S. Industries Must Be Protected READ MORE Canada Tightens Grip on Critical Minerals Sector, Raising Bar for M&A Approvals READ MORE Gold Rallies as Fed's Powell Hints at Inflation Progress READ MORE Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong READ MORE What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Add a Comment Cancel replyYour email address will not be published.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