Gold prices surge in Q1 2021, poised for record highs in Q2?

Gold gained $150 in March, its best month since July 2020, and analysts predict it could test and break record highs in April due to market volatility and contradicting messaging from the Federal Reserve. The collapse of Silicon Valley Bank triggered a banking crisis, which has revised the markets' Federal Reserve outlook from more rate hikes to rate cuts. Even with turbulence subsiding, gold is still trading at higher levels, and investors should pay close attention to incoming data as any weaker-than-expected number increases the chance of a rate cut this year.