“Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations”
April 2, 2024
“Gold prices scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 0.3% to trade at $2,240.04 per ounce. U.S. gold futures rose 0.8% to settle at $2,257.10 per ounce. The metal hit a high of $2,286.4…
The key Fed inflation gauge for February climbed 2.8% year on year, according to data released Friday — likely to keep the U.S. central bank on hold before it can start considering rate cuts…”
https://www.cnbc.com/2024/04/01/gold-prices-hit-new-record-high-on-fed-cut-expectations.html