Gate.io: Influenced by inflation data and economic concerns, the price of futures gold has historically broken through $3000.

FXStreet News, March 14th, Gold futures prices reached a new high, boosted by US inflation data and safe-haven demand, rising to a high of $3006.70 per ounce during the session. Analysts at ING noted in a report that the moderate inflation data in the US boosted hopes of the Fed easing monetary policy. The market has already priced in the expectation of a 25 basis point rate cut in June, with an expected total decrease of around 70 basis points throughout the year. Lower interest rates typically enhance the attractiveness of interest-free gold. ING also added that concerns about tariffs raising inflation and slowing economic growth have also driven the pump in gold prices, prompting investors to seek safe-haven assets.