The prospect of interest rate cuts combined with geopolitical tensions saw gold prices rise to $2250

On April 1st, as the second quarter kicked off, gold once again rose to record levels, continuing its recent upward trend. On Monday morning, spot gold rose 0.8%, breaking through the $2250/ounce mark for the first time. Last Friday's data showed that the Federal Reserve's preferred basic inflation indicator declined in February, further indicating that the Federal Reserve may lower interest rates this year. Gold has been one of the main commodities performing well so far this year, with an increase of over 8% in the first quarter. In addition to the prospect of major central banks relaxing monetary policy, the ongoing tension in the Middle East and Ukraine has also strengthened its attractiveness as a safe haven asset.