The gold market has gotten ahead of anticipated Fed easing cycle - Barclays
BCSBarclays(BCS) Kitco·2024-03-15 23:01

(Kitco News) - The gold market has gotten ahead of itself and is due for a further correction after a relatively quiet week following its breakout to record highs, according to one major British Bank. While off of last week's high above $2,200 an ounce, gold prices have rallied more than 5% this month. In recent comments, Stefano Pascale, Equity Derivatives Strategist at Barclays, said that gold’s surging bullish momentum is being driven in part by expectations that the Federal Reserve will begin its new ea ...