Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains

Gold prices surged past $2,220 an ounce during Thursday’s New York trading session, achieving a new all-time high amid growing anticipation of coordinated interest rate reductions by major central banks.

With an 8.5% increase in March 2024, this marks gold’s best monthly performance since July 2020, when it climbed 10.8% amid substantial monetary and fiscal stimulus efforts during the COVID-19 pandemic.