Posted 3/21/2024, 1:43:00 AM
Gold Prices Soar Above $2,200 on Dovish Fed Outlook and Geopolitical Tensions
- Gold jumped above $2,200 an ounce for the first time after the Fed maintained its dovish outlook
- Rally has been driven by expectations for looser monetary policy in the US
- Geopolitical risks like Russia-Ukraine war and Israel-Hamas conflict also boosting gold's appeal
- Chinese buying by both central bank and consumers has supported the gold market
- Silver, platinum and palladium prices also rose
