12 March 2024
Gold prices saw a slight decrease in Asian markets on Tuesday, pulling back from their recent record-breaking highs as investors decided to cash in on their gains. The anticipation of interest rate reductions as early as June, combined with a spike in demand for safe-haven assets, had propelled gold to new heights in March, nearly reaching $2,200 an ounce. Gold has dipped slightly, with spot gold dropping to $2,178.43 an ounce and gold futures for April also decreasing by 0.2% to $2,184.65 an ounce, both trading around $15 short of the previous week’s peak prices.