Gold Price Forecast for March 2024

From goldpriceforecast.com

The market buys on rumors and sells on facts – even if they are positive. But if the facts are negative… Then the market sells substantially, and the price declines significantly. The recent rally can most likely be attributed to the rumor that the Fed might be engaging in 'Operation Reverse-Twist' which would lower short-term yields and steepen the yield curve. In other words, it seems that the markets thought that another QE is just ahead and since markets are forward-looking, they are adjusting to this rumor. As I explained yesterday, in reality, another QE here is very unlikely as inflation is above Fed’s ... (full story)