A new historical record was set by gold, which ended the month of March at 2,254.80 dollars per ounce, marking an increase of 1.9%. Overall, gold futures rose 9% in March, representing the largest monthly gain since July 2020.
The precious metal continued its rally following the statements of the Federal Reserve, which announced its intention to proceed with three interest rate cuts during the year, with the first cut expected in June.
This announcement has raised expectations that there are no immediate concerns about the recent increase in inflation. Since February, gold has shown an upward trend, attracting investor interest towards assets considered safer, especially in light of the intensification of geopolitical risks. The choice to move towards gold reflects the search for stability in a context of global uncertainty.