Gold hit new highs on Tuesday as investors continue to bet that major central banks will start cutting interest rates this year.
On Tuesday morning gold futures (GC=F) reached a high of $2,150.50 after April contracts settled at a record $2,126.30 per ounce in the prior session.
Tuesday’s intraday spot gold touched a record of $2,141.79 per ounce before paring back gains.
The precious metal is considered a safe haven during times of geopolitical tensions and when interest rates decrease. While…
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