Gold prices reached a new record high of $2,250 per ounce due to inflation, Fed interest rate pause, and geopolitical tensions.
Gold prices reached a new record high of $2,250 per ounce on Monday, driven by inflation, the Federal Reserve's pause on interest rate hikes, and geopolitical tensions. Some experts predict gold prices will remain flat in the coming months, while others believe they will continue to rise, potentially reaching $2,300 an ounce in 2025. The S&P 500 stock index has performed better this year, with a 10% increase compared to gold's 8% growth.
April 01, 2024
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