Gold’s ascent has been nothing short of spectacular. On March 14, spot gold smashed through the US$3,000 per ounce barrier for the first time. The catalysts? A weakening US dollar, central bank gold stockpiling (notably by China), and fears of global economic slowdown spurred by US tariff threats.
This historic rally was accompanied by silver’s climb to US$33.69 per ounce internationally amid a sharp US stock market sell-off, escalating trade tensions, and speculation about the Federal Reserve’s next moves. With the Federal Open Market Committee (FOMC) press conference slated for 5:30 AM Thursday (Melbourne/Sydney time) investors are on edge.
Will the Fed be pressured to cut sooner? One provocative theory is that President Donald Trump and his Treasury pick, Scott Bessent, might be welcoming the stock market dump to pressure the Fed into rate cuts and boost bond buying. Read more here.
Will the Fed be pressured to cut sooner? One provocative theory is that President Donald Trump and his Treasury pick, Scott Bessent, might be welcoming the stock market dump to pressure the Fed into rate cuts and boost bond buying. Read more here.
