Fed’s Cautious Approach Boosts Gold Prices Amid Market Turmoil
Fed’s Cautious Approach Boosts Gold Prices Amid Market Turmoil
Key Takeaways
- Gold surged over 2% on Friday amidst banking crises and expectations of a less aggressive Fed approach against inflation.
- The failure of Silicon Valley Bank highlighted bank vulnerabilities, contributing to market turmoil and making gold attractive.
- Despite banking turbulence, Reuters poll suggests Fed to raise interest rates on March 22, possibly impacting gold market.
Overview
On Friday, gold prices surged over 2% in response to a …