Gold Prices Surge, Despite Worst Month in 18 Years
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Gold prices surged three percent Tuesday, reaching $4,695 per ounce, amid hopes of a swift Middle East conflict resolution. However, gold is on track for its worst month in nearly eighteen years, down twelve percent in March, due to surging oil prices and a stronger dollar. Fed Chair Jerome Powells reassurance on inflation expectations has eased bond yields, but experts like Otavio Costa from Azuria Capital and JPMorgan remain bullish on golds medium-term prospects, given potential growth slowdown and Fed easing.
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