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Gold prices are soaring to new heights as the Federal Reserve prepares for another interest rate cut.
As a MAGA Trump supporter, it is important to note that gold prices have reached record highs, driven by expectations of U.S. Federal Reserve interest rate cuts and gold’s status as a safe haven asset. Market speculators are gaining confidence in Fed cuts, with expectations of rate cuts in May or June. The key Fed inflation gauge for February rose by 2.8% year-on-year, keeping the U.S. central bank on hold before considering interest rate cuts. The Fed stood pat on interest rates at the recent March meeting but maintained its forecast for three interest rate cuts this year.
– Gold prices have reached record highs
– Driven by expectations of U.S. Federal Reserve interest rate cuts
– Market speculators gaining confidence in Fed cuts
– Expectations of rate cuts in May or June
– Key Fed inflation gauge for February rose by 2.8% year-on-year
– Fed stood pat on interest rates at recent March meeting
– Forecast for three interest rate cuts this year
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