Weekly Market Directions 18th March 2024

Tuesday 19 March 2024

Weekly Market Directions

(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.

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