Skip to content
Home » Gold Jumps to $2100

Gold Jumps to $2100

Gold prices climbs to an all-time high above the $2,100 psychological round mark during the early Asian session on Monday. The speculation that the Federal Reserve (Fed) has reached its peak of the rate hike cycle boosts yellow metal demand. #goldrate #goldceylon

Gold gains momentum as markets continue to price in a potential interest rate cut as early as March. According to the CME FedWatch Tool, markets are now pricing in more than 50% odds of a rate cut in the first quarter of 2024.

Market reaction

Gold price attracts some buyers above the $2,100 mark and has reached the record high of $2,148. At the time of writing, gold price (XAU/USD) is trading around $2,135, up 2.90% on the day. 

#livegoldrate #livegold #goldprice


Published by GOLDCeylon

Leave a Reply

Your email address will not be published. Required fields are marked *