World Market News of the 21 March with FXOpen #goldprice #bankofengland #fedrate

Gold prices have been hitting record highs Gold prices hit a new all-time high on Thursday, and there’s still room for it to surge as several countries are on a gold-buying spree. Prices could rise to $2,300 per ounce in the second half of 2024, especially against the backdrop of expectations that the US. Strong physical demand for gold is also fueled by its appeal as a safe-haven asset and investors looking to diversify amid lackluster performances in other asset classes. Source: CNBC Bank of England Set to Hold Rates, But Falling Inflation Brings Cuts into View Headline inflation slid by more than expected to an annual 3.4% in February, its lowest level since September 2021, fresh data showed Wednesday. January labor market data last week showed a weaker picture across all key metrics, with wage growth slowing, unemployment rising and vacancy numbers slipping for the 20th consecutive month. Source: CNBC European Markets Head for Positive Open after Fed Meeti