Gold Price to Retest $2050; What to Expect in March 2024?
Although it has langered over the past two weeks, the gold price could be poised to retest the $2050 level, with all eyes on how the metal could perform in March of 2024. Indeed, the asset has flourished through safe-haven demand amid the US dollar’s weakened state. Yet, there is still uncertainty as to when the Federal Reserve could finally cut interest Rates. Gold had neared its two-week high of $2041 in early trading on Tuesday. Moreover, critical US economic data could further impact the trajectory the metal is placed on for the rest of the month. Yet, further information regarding the Fed’s decision could be key to knowing what to expect from Gold in March. I Also Read: US Dollar Weakened: Gold Price Passes $2040 Gold Price Seeking Path Back to $2050; Could it Happen This Month? Throughout the second half of 2023, the price of gold had performed impressively. Amid the fragile US economy, the asset managed to record a new all-time high within that time. Spe...