“ How the Fed's policy impacts gold prices Broadly, gold is "...
How the Fed's policy impacts gold prices
Broadly, gold is benefitting from optimism about U.S. monetary policy and investors’ hopes for lower interest rates.
On Wednesday, Federal Reserve Chair Jerome Powell provided clarification, saying interest rate cuts will be possible “at some point this year” if the economy moves as expected and inflation continues to cool. Typically, gold prices rise as interest rates fall, which is a development that could happen sooner than some analysts projected...."
https://money.com/gold-price-all-time-high/
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Gold prices are coasting on fear
Because of this quixotic mix of interests, gold is riding a wave of global uncertainty to record highs. The precious metal hit $2,165 a troy ounce in Friday (Mar. 8) trading, which would make for its highest close ever if stays at that level for the rest of the day...."
https://qz.com/gold-price-trading-record-high-1851317822