The Federal Reserve left its reference rate without changes in the range of 4.25%-4.50%, as expected. But he provided a good perspective of cuts for this year.
He Gold renews its historical maxim And it exceeds US $ 3,000 this Thursday, March 20, after the Federal Reserve aim at two rates cuts this year, which increased the attractiveness of metal in a context of continuous geopolitical and economic tensions.
The price of gold in cash 0.1%was revalued, up to $ 3050.94after reaching a historical maximum of $ 3057.21 at the beginning of the session. The US gold futures were 0.6%, up to 3059.50 dollars.
Gold was driven by “Many situations of uncertainty in the market, geopolitical tensions, a weaker US dollar and expectations that interest rates are cut later.”Said Dick Poon, general director of Heraeus Metals Hong Kong Ltd.
On Wednesday, The Federal Reserve left its reference rate without changes in the range of 4.25%-4.50%, as expected. Those responsible for monetary policy foresee two cuts from a quarter of a percentage point by the end of 2025. Gold without performance thrives in an environment of low interest rates.
The initial policies of the US president, Donald Trump, which include wide import tariffs, seem to have inclined the US economy towards slower growth and higher inflation, at least temporarily, said the president of the Federal Reserve, Jerome Powell.
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Gold as a value reserve: strong recovery after Trump’s assumption
Trump tariffs fueled the commercial tensions and are widely considered inflationary and harmful to economic growth. The tariff uncertainty, the possibilities of type cuts and the climb of tensions in the Middle East have contributed to the recovery of the metal, which It reached 16 historical maximums so far from 2025, four of them above the milestone of $ 3000.
Geopolitical and economic uncertainties underline the role of gold as a reserve of value. Silver in cash was strengthened at $ 33,84 ounce (+0.15%) and platinum rose 0.2% to $ 995. El Paladio fell 0.2%, to $ 956.35.
Source: Ambito
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