Gold's ascent to a historic $2,265 per ounce as this week begins highlights its impressive 9% rise in March and 8% increase for the first quarter.
This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates in June further fuel gold's rally.
Amid geopolitical tensions and expectations of rate cuts, gold's appeal as a safe haven intensifies. Its steadfast price amidst the fluctuating dollar and treasury yields underlines the robust demand for gold, positioning the $2,300 target within reach.
This surge follows data indicating a spike in the February Personal Consumption Expenditures index, though the core PCE saw a low not observed in nearly three years. Anticipations of the Federal Reserve cutting rates in June further fuel gold's rally.
Amid geopolitical tensions and expectations of rate cuts, gold's appeal as a safe haven intensifies. Its steadfast price amidst the fluctuating dollar and treasury yields underlines the robust demand for gold, positioning the $2,300 target within reach.
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