Gold Touches a New All-Time High Amid Rate Cut Optimism


Last week, gold touched a fresh all-time high and achieved a weekly gain after the Federal Reserve reaffirmed three interest rate cuts for 2024. Thursday and Friday were the busiest in terms of this week’s calendar of economic events. Among the most anticipated events was the release of U.S. GDP and jobless claim data on Thursday, along with inflation numbers set for release on Friday. It was also a shortened trading week, as major markets in the U.S. were closed on Friday, in observance of Good Friday.

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