U.S. gold futures rose more than 2% to trade at around $2,285
Gold prices continued their ascent, reaching a new record high on Monday 1st April 2024, driven by expectations of U.S. interest rate cuts and the metal’s status as a safe-haven asset.
Gold typically has an inverse relationship with interest rates. When interest rates decrease, gold becomes more attractive relative to fixed-income assets like bonds, which tend to offer lower returns in a low-interest-rate environment.
Gold hits new high of 2285
