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In the news this week: Gold prices surge to record highs. For multi-asset strategist Arun Sai, there are 3 good reasons to hold gold in a portfolio as the Fed embarks on an easing cycle. #gold #multiasset

In the news this week: Gold prices surge to record highs. For multi-asset strategist Arun Sai, there are 3 good reasons to hold gold in a portfolio as the Fed embarks on an easing cycle. #gold #multiasset

In the news this week: Gold prices surge to record highs. For multi-asset strategist Arun Sai, there are 3 good reasons to hold gold in a portfolio as the Fed embarks on an easing cycle. #gold #multiasset

Gold is steady in the early Asian session, but may be weighed by possible technical correction after the most-active gold futures contract touched a fresh record intraday high and an all-time settlement high on Friday. A recent increase in gold prices has followed disappointing US housing data that have reinforced bets of faster and deeper cuts from the Fed. The precious metal’s focus will stay firmly on the scope and timing of the Fed’s likely move to cut rates.

Gold hit an all-time high last week... so, what does that mean for all of us? This CNBC article shares insights on the topic. #gold #goldprices #goldfutures #interestrates

Gold spikes to a new all-time high above $2,500! The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a “yield-less” asset (soon to be changed 😉), Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. #gold #wgold #wrgc #wrappedgoldcouncil

The gold market is ablaze with excitement as the precious metal continues its upward trajectory, reaching staggering new heights. 📈💰 Gold, the shining star of the market, has surged to an astonishing all-time high of $2,365.70 per ounce, marking a remarkable milestone in its six-week bull run. 🌟🥇 The surge in gold prices is not without reason. Its meteoric rise, up 15% in the past three months, has been fueled by a combination of factors including economic uncertainty and geopolitical tensions. 📈💼 💼🌐 But what's driving this unprecedented demand for gold? While central bank buying remains a significant factor, trading demand has also seen a notable uptick as people seek to hedge against inflation and diversify their portfolios. Looking ahead, analysts are optimistic about the continued bullish trend in gold. Economic and geopolitical uncertainties, coupled with robust trading demand, suggest that gold has further upside potential in the coming months. 📈🔍 At Meena Capital, we're closely monitoring these developments and identifying unique trading opportunities for our clients. Our team of experts is committed to navigating the ever-changing landscape of the gold market to ensure optimal returns for our clients. 💼💎 #Gold #TradingOpportunities #PreciousMetals #MeenaCapital 📈💰 Source: Bullion by Post 

#Gold (#xauusd) :-Technical Analysis Gold is in a strong uptrend, breaking out of 2 consolidation zones, and currently moving above the 141.40% Fibonacci extension 2708. Price is above the 50-day and 200-day moving averages, indicating strong bullish momentum. RSI Overbought at 72.66, suggesting a possible short-term pullback. Key Levels :  Resistance around 2735-2740 Major support at 2708 and 2637. Fundamentals : Rising inflation expectations support gold as a hedge. Ongoing geopolitical conflicts increase safe-haven demand. Summary : Gold remains bullish with potential for further upside, but a short-term pullback is possible due to overbought RSI.

"🚀 Gold Hits Record High! On Thursday, gold prices soared, setting a new milestone by surpassing the $2,200 mark for the first time, closing at $2,206.50/oz. This historic rise came after the Fed's decision to maintain interest rates, coupled with the anticipation of future cuts. Despite reaching a session high of $2,246.60, gold settled at a record, reflecting a bullish outlook for the precious metal. As the Fed signals up to three 25 basis point cuts by year's end, now's a critical time for investors. Stay updated with US Uncirculated LLC for insights on how this could influence your investment strategy. #GoldInvesting #FinancialNews #USUncirculatedLLC 📈🔍 (Date: March 23, 2024)"

Gold prices steady after record highs Gold held steady today following its record high in the previous session. Anticipations of further interest rate cuts in the coming months may create a favorable environment for the precious metal to continue its upward trend. On the other hand, "Geopolitical tensions in the Middle East are expected to remain elevated, which could further support gold’s upward trend as demand for safe-haven assets increases," says DHF Capital's CEO and Asset Manager, Bas Kooijman MSTA. How do you think the gold price will change in the near future? Read the full article here: https://lnkd.in/d-5J6f54 #gold #goldprice #federalreserve #middleeast #safehaven #dhfcapital