The Federal Reserve may need to raise interest rates if inflation doesn't cool down warns Federal Reserve Governor Michelle Bowman pic.twitter.com/D8FAhtlfge
— Win Smart, CFA (@WinfieldSmart) April 6, 2024
Gold is headed to $3,000 according to Rosenberg Research pic.twitter.com/bY8wWUFbzy
— Win Smart, CFA (@WinfieldSmart) April 4, 2024
Gold prices settled at a record high for a 13th time this year on Friday, as various factors including surging geopolitical tensions, U.S. interest rate cut bets, and near-record buying by central banks maintained the metal’s rally despite strong U.S. job growth in March.
The safe haven potential of gold has more than made up for a significantly stronger than expected U.S. job market, which feeds into concerns that Federal Reserve interest rate cuts are not such a sure thing after all; gold prices are closely linked to rates, and higher rates diminish the metal’s appeal.
https://seekingalpha.com/news/4087707-gold-hits-another-all-time-high-strategist-sees-price-headed-to-3000
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