The market moves come after a flurry of interest rate decisions in recent days.on Thursday by lowering its main policy rate by 0.25 percentage points to 1.5%. The decision made Switzerland the first major economy to cut interest rates in a sign of policymakers' growing confidence in the battle to tame inflation.on Thursday, but hinted cuts could be on the horizon as inflation falls faster than anticipated.
RBC noted that major cloud providers like Amazon, Microsoft and Google are packing data centers — facilities that host computer servers — with tens of thousands of power-hungry AI chips, driving a surge in demand for infrastructure like cooling systems and electrical equipment.Top hedge fund manager David Neuhauser is predicting the price of gold to reach $2,500 by the end of 2025, and $3,000 by 2030.
Even in this environment, not all gold stocks are equal – with some big miners underperforming despite the record gold price, according to Neuhauser.Earnings are set to come from the U.K.'s JD Wetherspoon. Data releases include German business sentiment for March, and Russia's central bank will decide on interest rates.