GOLD (XAU/USD) NEARS ALL-TIME HIGHS AMID ECONOMIC AND GEOPOLITICAL UNCERTAINTY

GOLD (XAU/USD) NEARS ALL-TIME HIGHS AMID ECONOMIC AND GEOPOLITICAL UNCERTAINTY
Gold rises to $2,950 per ounce, approaching all-time highs.
Softer U.S. CPI data eases inflation concerns, boosting market sentiment.
Outflow from U.S. bonds and rising equity markets support gold.
Gold remains a hedge against inflation and a safe haven amid uncertainty.
Geopolitical risks: U.S. announces tariffs on European imports; U.S.-Russia-Ukraine ceasefire talks ongoing.
Fed expected to cut rates by 0.25% in June, bolstering gold's outlook.
BNP Paribas forecasts gold at $3,100 in Q2 2025; Macquarie sees $3,500 by Q3 2025.
CME FedWatch Tool: 97% chance of no rate change in March, 39.5% chance of rate cut in May.