Posted 3/29/2024, 12:47:00 AM
Gold Prices Surge to New Highs Over $2,250 on Inflation Fears Despite Strong Dollar
- Gold hits record highs above $2,250, capping off a strong month and quarter
- Rally continues despite US dollar near 6-week high; analysts say gold attracting buyers as inflation threat declines
- Some see gold rising as investors worry Fed won't control inflation even with rate cuts
- Analysts say gold not expensive, dollar is cheap as government floods economy with cash
- Despite historic rally, many ignore gold sector; analysts expect rally to continue with gold finding support around $2,150
