The price of Gold (XAUUSD) has surged, reaching $3,055 per troy ounce during trading on Thursday (March 20, 2025). This level marks a new all-time high.
So far this year, Gold has increased by over $430 (4,300 pips), reflecting a gain of approximately 16.4%.
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The U.S. Federal Reserve (The Fed), which unveiled its monetary policy early this morning, sparked the latest rally in Gold prices. In its announcement, The Fed decided to maintain interest rates at 4.25% – 4.5%, while still projecting two rate cuts within this year.
However, the world’s most influential central bank has revised down the growth forecast for the U.S. economy (Gross Domestic Product/GDP) to 1.7% for this year, down from the 2.1% estimate provided in December.
This adjustment indicates that the U.S. economy is experiencing a slowdown, which enhances Gold’s allure as a safe haven investment. Additionally, inflation is now expected to be higher this year at 2.8%, compared to the previous forecast of 2.5%. This suggests that the risk of stagflation is growing.
The United States faced stagflation during the 1970s, a period when Gold prices saw a dramatic increase.
