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Gold prices hit record high, expected to rally further

CNBC — April 5, 2024, 09:00 AM UTC

Summary: On March 22, 2022, two 250g gold bars were arranged at Solar Capital Gold Zrt. in Budapest, Hungary. Gold prices hit a record high of $2,305.04 before dropping to $2,278.50 per ounce. U.S. gold futures fell to $2,296.90. Analysts predict gold will continue rallying with pull-backs. The U.S. dollar's decline, Fed rate cut expectations, economic uncertainty, and Middle East tensions are driving factors. Traders anticipate a Fed rate cut in June. Silver, platinum, and palladium prices fluctuated.

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Timeline:

  1. [2.4]
    Gold prices rise amid Middle East tensions, silver surges (Mint)
    143d 8h
    Source
  2. [2.1]
    Gold prices in India surged on April 16, 2024 (News18)
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  3. [4.1]
    Gold prices surged due to Middle East tensions (CNBC)
    144d 20h
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  4. [2.5]
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    145d 21h
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  5. [1.4]
    Gold prices in India rose on April 14 (News18)
    146d 21h
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  6. [2.9]
    Gold prices rose on geopolitical tensions, hitting $2,345.56/oz (CNBC)
    149d 18h
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  7. [3.9]
    Gold prices hit record high, China adds to reserves (Business Recorder)
    151d 23h
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  8. [4.7]
    Gold prices reach record high amid economic uncertainty and tensions (CNBC)
    152d 14h
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  9. [4.5]
    Gold prices surge to record high amid inflation fears (Financial Times)
    157d 9h
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  10. [6.1]
    Gold prices surge on rate cut expectations and demand (CNBC)
    159d 20h

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  11. [5.4]
    Gold price hits record high on geopolitical tensions and rate cut expectations (The Straits Times)
    159d 22h

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  12. [4.7]
    Australian gold miners benefit from record-high gold prices (ABC News)
    164d 1h
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