{"id":114911,"date":"2024-03-06T09:54:52","date_gmt":"2024-03-06T09:54:52","guid":{"rendered":"https:\/\/kinesis.money\/?p=114911"},"modified":"2024-03-06T10:02:19","modified_gmt":"2024-03-06T10:02:19","slug":"gold-price-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pl\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/","title":{"rendered":"Gold Price News: Gold Hits All-Time High"},"content":{"rendered":"\n

Gold prices<\/a> surged to an all-time high on Tuesday, on a combination of speculation over upcoming interest rate cuts, bullish fundamentals and haven appeal amid ongoing geopolitical tensions.<\/p>\n\n\n\n

Prices briefly touched $2,142 an ounce on Tuesday \u2013 the highest-ever price \u2013 before easing back slightly to $2,134 an ounce by late afternoon.<\/p>\n\n\n

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\"kinesis
Gold hits all-time high – KAU price $\/g – from Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n

Positive momentum in the gold market has been building after news that central banks, particularly those in China and India, have been increasing their stocks of gold in recent months. Some analysts have been pointing to expected price increases in 2024 on the back of these central bank purchases, but also due to strong retail demand in emerging markets, coupled with safe-haven flows linked to current geopolitical tensions.<\/p>\n\n\n\n

This bullish backdrop for gold has been further strengthened by rising bets on the US Fed starting to cut interest rates as soon as June \u2013 a supportive factor for non-interest-bearing assets like precious metals.<\/p>\n\n\n\n

Serving to highlight the possibility of upcoming rate cuts, US ISM Services PMI figures for February came out on Tuesday showing a slightly larger drop than market expectations, while factory orders for January also fell 3.6%, well below expectations of a 2.9% drop. The latest figures suggest growing pressure on the US Fed to slash rates in the next few months.<\/p>\n\n\n\n

Data from interest rate traders implies a roughly 55-60% probability that the US Fed will cut rates by 25 basis points at its upcoming June 12 meeting. Earlier in the year, the markets had favoured the first cut happening as soon as May.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
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Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices surged to an all-time high on Tuesday, on a combination of speculation over upcoming interest rate cuts, bullish fundamentals and safe haven appeal amid ongoing geopolitical tensions.<\/p>\n","protected":false},"author":50,"featured_media":114942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-114911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"\nGold Price News: Gold Hits All-Time High - Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 6th of March 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Price News: Gold Hits All-Time High\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 6th of March 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T09:54:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T10:02:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/03\/gold-news-feature-image-Gold-Hits-All-Time-High.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 6th of March 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"Napisane przez\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Szacowany czas czytania\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minuty\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Hits All-Time High\",\"datePublished\":\"2024-03-06T09:54:52+00:00\",\"dateModified\":\"2024-03-06T10:02:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/\"},\"wordCount\":268,\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/03\/gold-news-feature-image-Gold-Hits-All-Time-High.png\",\"articleSection\":[\"Gold News\"],\"inLanguage\":\"pl-PL\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/kinesis.money\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/\",\"url\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-hits-all-time-high\/\",\"name\":\"Gold Price News: Gold Hits All-Time High - 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