Gold Price Hits Record Highs Near $2,230 as Market Awaits US PCE Data

Friday, 29 March 2024, 08:17

Gold price surged to all-time highs near $2,230 per troy ounce, signaling a continued uptrend for the fifth consecutive session. Investors are closely watching the upcoming US Personal Consumption Expenditures (PCE) data for further market direction.
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Gold Price Hits Record Highs Near $2,230 as Market Awaits US PCE Data

Gold Price Forecast Update

Gold price continues its surge, reaching all-time highs near $2,230 per troy ounce, maintaining a bullish momentum for the fifth day in a row. The precious metal remains in focus as investors seek safe-haven assets amidst market uncertainties.

Key Highlights:

  • Record Highs: XAU/USD hits new milestone near $2,230
  • Market Sentiment: Investors optimistic amid economic concerns
  • US PCE Data: Eyes on upcoming release for impact on gold prices

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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