Weekly Market Directions 18th March 2024
Tuesday 19 March 2024
(Week 11th March - 15th March)
In this edition of Amundi's Weekly Market Directions:
Gold has been shining bright this year
- Gold prices have been rising amid expectations of Fed rate cuts and its safe-haven allure.
- Declining yields on US government bonds tend to boost the demand for non-yielding assets such as gold.
- Fundamentals point to continuing strength, but valuations are high, which could lead to some near term volatility.
