Gold 
“U.S. PCE data confirm that interest-rate cuts by the Federal Reserve are coming in the not-so-distant future, albeit not necessarily in March yet, Felipe Villarroel, partner in portfolio management at TwentyFour Asset Management. “We are less certain, though, that this is as
close as a few weeks’ time at the March [Federal Open Market Committee] meeting,” he says in a note. With U.S. growth and consumption in particular holding up very well in the face of monetary policy tightening, there is less of a hurry for the Fed to cut rates, he says. “After inflation turned out to be less transitory than they projected, we think it is quite reasonable they
would wait to have a little bit more clarity before embarking in an easing cycle.”
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