World Gold Council Strategist Weighs In as Gold Reaches Historic $3,047 Mark

Gold prices have reached a new intraday record of $3,047 per ounce, continuing its remarkable rally with multiple record-breaking moments this year. Joe Cavatoni, senior market strategist at the World Gold Council, has shared his expert perspective on this price movement. According to Cavatoni, several factors are driving gold’s strength, including rising food and gas prices that have contributed to higher metals prices overall. He also noted that Trump’s tariff policies could spark a global trade slowdown, further impacting markets. This gold price milestone comes amid widespread economic uncertainties, including persistent inflation concerns, escalating geopolitical tensions, and anticipated shifts in […]

Between Inflation and Recession: Fed Navigates New Economic Challenges

The Federal Reserve is expected to maintain current interest rates at their meeting Wednesday, with officials likely projecting one or two rate cuts this year. However, beneath this apparent continuity lies a significant strategy shift due to inflation threats from potential new tariffs. While the Fed previously considered cutting rates based on declining inflation (good news), they now face a complex scenario where tariffs could simultaneously increase prices and weaken economic growth. This puts the Fed in a difficult position: unable to easily cut rates due to inflation risks but potentially needing to address economic slowdown.

Safe-Haven Demand Pushes Gold to $3,045 Ahead of Fed Decision

Gold prices edged higher on Wednesday, climbing 0.2% to $3,039.38 an ounce after touching a record high of $3,045.24 earlier in the session. This marks the 15th record high for gold this year, as investors increasingly turn to the precious metal as a safe haven amid multiple uncertainties. Primary drivers include concerns about President Trump’s planned universal tariffs set to begin April 2, fears of economic slowdown, and renewed conflict in the Gaza Strip. Market analysts believe this upward trend is likely to continue until the economic impact of these tariffs becomes clearer. Meanwhile, investors await the Federal Reserve’s policy […]