Gold Prices Surge To Record Highs On Powell’s Rate Cut Comments - Business - Nairaland
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| Gold Prices Surge To Record Highs On Powell’s Rate Cut Comments by Mateco556: 11:25am On Mar 07 |
The precious metal continued its robust rally from last week amid increasing optimism surrounding U.S. interest rate cuts. Traders maintained their bets that the Federal Reserve would commence its rate-cutting cycle as early as June. Spot gold surged by over 0.4% to reach a historic peak of $2,161.19 an ounce, while gold futures expiring in April peaked at $2,168.10 an ounce... https://ratecaptain.com/gold-prices-surge-to-record-highs-on-powells-rate-cut-comments/ |
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