The Fed cut rates on 15 March by 100 basis points to 0%.
The ECB is expected to cut rates this week by 10 basis points (but it ultimately didn't cut rates).
The Bank of England cut rates by 50 basis points to 0.25% (and is expected to cut some more).
The Bank of Canada cut rates on 13 March by 50 basis points to 0.75% and cut it again on 27 March by 50 basis points to 0.2%.
The Bank of New Zealand cut rates on 15 March by 75 basis points to 0.25%.
This can only be good for gold.
https://finance.yahoo.com/news/goldman-sachs-now-sees-fed-140305267.html
https://www.fxstreet.com/news/ecb-deposit-rate-to-be-cut-by-10bp-abn-amro-202003100946
The ECB is expected to cut rates this week by 10 basis points (but it ultimately didn't cut rates).
The Bank of England cut rates by 50 basis points to 0.25% (and is expected to cut some more).
The Bank of Canada cut rates on 13 March by 50 basis points to 0.75% and cut it again on 27 March by 50 basis points to 0.2%.
The Bank of New Zealand cut rates on 15 March by 75 basis points to 0.25%.
This can only be good for gold.
https://finance.yahoo.com/news/goldman-sachs-now-sees-fed-140305267.html
https://www.fxstreet.com/news/ecb-deposit-rate-to-be-cut-by-10bp-abn-amro-202003100946
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