Gold may still have further room to run higher when actual rate cut cycle starts.

The Fed has projected three cuts for 2024 while markets are pricing in about four cuts for ECB, three cuts for BoE, two more cuts for SNB by end 2024.

In the developed markets (DM), the Swiss National Bank (SNB) became the first central bank to cut rates in March while most major DM central banks including the European Central Bank (ECB), Bank of England (BoE), Bank of Canada and the Fed are likely to cut policy rates in due course as inflation has peaked and looks on track to return to target.

In the Latin American world, several central banks including Brazil, Mexico and Paraguay had started their respective rate cut cycle.

"Historical evidence since 2001 showed that gold strengthened when the US Federal Reserve (Fed) rate hike cycle ended and continued to extend its bullish run when Fed rate cut cycle gets underway.

OCBC kept its bullish outlook on gold prices, on the back of expectations of global easing outlook, central banks' continued purchases of gold, as well as a play up of gold's geopolitical hedge characteristic.

The blistering rally of gold, whose price jumped 11.5 per cent year-to-date till April 3, may have further room to run in the medium term, according to OCBC foreign exchange strategist Christopher Wong.

Sentiment and herd mentality are crucial factors in the current rally, particularly during the spring season when optimism and exuberance tend to increase.

Physical demand, such as Indian weddings and Chinese New Year, contributes to the underlying strength of the gold market。

Gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.

Gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.

Gold’s on track to hit $2,400 this year, less dependent on Fed rate cuts – Bank of America

Gold, as a safe haven asset continued to benefit from escalations in Gaza war.

In Europe, ECB minutes showed officials saw a stronger case for the begininng of their loosening cycle.

Grossly undervalued. 😁😁😁

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Turkey's stk mkt is at all time high ? 😁😁😁

Please hold on tight. Poh Kong is on an uptrend now !!! 😋😋😋

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President Joe Biden held a phone call with the Chinese leader Xi Jinping on Tuesday morning in the latest effort to drive down tensions between the world's two most powerful nations. ... highest global political tension in the world ? Buy some gold now to protect and preserve our wealth ?

No food on the table, then what to do ?

Gold is going up because of the fact that it was deeply oversold and under-owned.

San Francisco Fed President Mary Daly said the Fed need to see how long to keep rates at current levels. She supports three rate cuts, but added that it’s a projection, not a promise.

Cleveland Fed Loretta Mester said that she doesn’t have enough information for a May meeting cut, yet foresees three rate cuts in 2024. Mester added the Fed’s challenge would be balancing the risks between inflation and employment.

A pair of Federal Reserve policymakers said it would be “reasonable” to cut US interest rates three times this year, even as stronger recent economic data has sown investor doubts about that outcome.

Gold prices have been hitting new highs, and the rally is far from over. Several factors contribute to this surge:

Interest Rate Expectations: Growing expectations of US interest rate cuts have driven investors toward gold as a safe-haven asset12.
Central Bank Buying: Central banks and Chinese investors have been buying gold in significant quantities, further boosting its price3.
Geopolitical Tensions: Investors view gold as a hedge against global conflicts, and the current geopolitical landscape has fueled demand4.
Federal Reserve Rate Cuts: Anticipated rate cuts by the Federal Reserve have also played a role in driving gold prices to record levels4.
In summary, a combination of economic factors, investor sentiment, and central bank actions has propelled gold to its all-time highs.

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A coordinated move of creating a collective new currency backed by gold by the BRICS Plus against the U.S. dollar could lead to dire financial results globally.

Between the country's central bank and the Chinese public, China takes up over two-thirds of all the annual production. They are the new marginal buyer. That's where the gold price is set.

The marginal buyer of gold is no longer the U.S. It's no longer Europe. It's China.

The West has lost its power to set the price of gold

The time to sell is when everyone is talking about gold and the gold miners are taking off.

The gold mining sector, while off its lows is still significantly undervalued compared to gold prices.

The gold rally has just only started.

Gold smells a massive money-printing program coming at some point. In fact, low-grade money printing has already occurred.

Gold is not expensive. The truth is that the U.S. dollar is cheap as the US government floods the global economy with it.

The U.S. dollar is losing its grip on the gold market as U.S. government debt continues to spiral higher.

If the Fed starts cutting rates, bond yields will fall, which makes gold a more attractive safe-haven.

Gold is well supported as a geopolitical risk hedge.

The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce.

FED's tightening cycle is over, and even if they don’t cut interest rates three times this year, gold should continue to benefit.

Gold is definitely an important core piece of any properly balanced investment portfolio.

Over time, gold can help to enhance the returns of a properly balanced portfolio. And whether gold is going up, down, or sideways, it will also help reduce the volatility of your portfolio.

It's only a matter of time before investors embrace gold as a safe-haven asset as global economic uncertainty drives market volatility higher.

It makes sense to hold up to 20% of your portfolio in gold.

All retail mkt players are miskin !!! Bcos we all kena hammered by the mkt lah. 😥😥😥

Paper money is created from nothing ! As such there is only NOTHING for us to trust ! 😁😁

Gold held its own and increased in price, rising 21% in US dollars from December 2007 to February 2009 (global financial crisis) while equities, other risk assets, hedge funds, real estate, and most commodities tumbled in value.