The global price of gold has seen an impressive increase, rising by $38.8 to $2,233 per ounce, marking its strongest month of activity in over 3 years. This surge has been driven by expectations of interest rate cuts in the US and strong demand for safe-haven assets. Spot gold has risen nearly 2%, reaching its highest point since July 2020 with a 9% increase, ensuring a second consecutive quarter of growth.
The future of gold appears bright, with potential for further gains if the market predicts deeper interest rate cuts from the Federal Reserve. This precious metal is poised to maintain its high levels in the short term until buying momentum begins to weaken.