Gold, new record despite inflation and economic uncertainty

09:26
Wednesday, April 3, 2024

Gold prices continue to rise and reach new records at a time of increasing economic uncertainty, particularly regarding inflation in the United States and expectations regarding monetary policy decisions.

The spot price of the precious metal reached a high of $2,284.68, while the value of futures for June delivery crossed the $2,300 threshold and reached $2,305.

At the same time, silver also recorded a significant increase, reaching its highest price in two years at $26 per ounce. The market is eagerly awaiting Federal Reserve Chairman Jerome Powell’s speech at a forum in California to analyze the economic outlook, scheduled for 12:10 p.m. (6:10 p.m. in Italy).