Gold prices hit new high of $3,034 on safe-haven demand; traders await Fed decision

From Investing.com: 2025-03-19 04:14:00

Gold prices reached a new high of $3,034 fueled by safe-haven demand amidst geopolitical tensions and uncertainty over tariffs. Traders eye the Fed’s interest rate decision for further price movement, with potential bullish momentum if the Fed adopts a dovish tone. Meanwhile, the euro rose against the USD with Germany’s approval of increased spending and positive German investor sentiment. The ECB’s reduced likelihood of rate cuts supports the euro. USD/JPY remained stable after the Bank of Japan kept rates unchanged, with investors expecting a bearish trend in the medium term pending Fed’s rate decision.



Read more at Investing.com: Gold Bulls Watch Fed’s Next Move as Safe-Haven Demand Intensifies