Investors Eye Fed's Next Moves as Gold Prices Soar to New Heights Gold prices reached a new record high above $2,350 an ounce but later pared gains, with investors’ attention turning towards the upcoming U.S. inflation data set to be released on Wednesday. The anticipation revolves around the Federal Reserve’s stance on interest rates, as higher rates generally have a negative impact on gold, which doesn’t yield interest. Despite the lack of a clear catalyst for gold’s rally since mid-February, the precious metal has surged over 18%, partly driven by expectations that the Fed might soon reduce borrowing costs and by consistent demand from central banks, notably the People’s Bank of China, which added gold to its reserves for the 17th consecutive month in March. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Banks Offload Bonds at a Loss, Betting on Future Fed Rate Reductions READ MORE Experts' Inflation Consensus Shifts, Altering Election Dynamics READ MORE Copper: The New Gold for Miners Amidst Global Energy Transition READ MORE February Layoffs Hit Record High Since 2009, Tech and Finance Sectors Lead the Pack READ MORE Silver to $50? It Could Happen Sooner than You Think READ MORE Add a Comment Cancel replyYour email address will not be published.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