Gold Strikes New Records in a Surging Market
Gold is on a hot streak, hitting fresh all‑time highs. The next‑door reaction? Investors are rolling out the red carpet for their bullion‑loving portfolio.
What’s Fueling the On‑Fire Trend?
- Soft U.S. inflation pushes optimism that the Federal Reserve might trim rates in June, making gold a more attractive safe haven.
- The PCE price index ticked up just 0.3% in February—right on target with what markets were betting on.
- Fed Chair Jerome Powell was on point, saying the data line up with the central bank’s goals.
Why Gold Still Looks Lucky
Even with some short‑term headwinds – like jewelry buyers stepping back over high tag prices – a few big dogs are still on the hunt:
- Central banks keeping a finger on gold’s growth dial.
- Geopolitical jitters around the globe that scream “need a financial firewall.”
- India, the world’s second‑largest gold eat‑er, might see a dip in demand, putting a small chill on prices.
The Short‑Term Balancing Act
After the March surge, traders might try to lock in those gains, which could temporarily squeeze gold’s demand.
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