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 (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.