Gold prices rise to another record high after Fed chair Jerome Powell's comments
Thursday, 4 April 2024 Gold prices surged to a record high of $2,301.21 an ounce, reflecting a 0.9% increase. This rise comes amid the Federal Reserve's ongoing cautious stance, with no deviation from its anticipated path of rate cuts. This scenario is deemed highly beneficial for gold, as it implies significant rate reductions by the Fed prior to achieving its inflation target.
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Gold prices hit a new high at Rs 70,050 per 10 grams, with silver rising to Rs 81,700 per kg. Analyst Saumil Gandhi noted the bullish trend in global markets.... IndiaTimes
Thursday, 4 April 2024
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