A gold market strategist announces that a new historical record depends on how the current global banking crisis continues to unfold, while gold prices may continue to perform well for the rest of the year. As a result, the market continues to benefit from solid support at a striking distance of $2,000 per ounce.

Kristina Hooper, Invesco's chief global market strategist, believes that her current action on gold prices will depend on whether policymakers are able to contain the situation and inspire confidence in financial markets and the global banking system, although she is optimistic about gold for the year . According to Hooper, while gold is yet to see a sustained breakout above $2,000, there are other factors outside of the banking crisis that will keep prices well-supported throughout the year. Hooper added that this change in monetary policy should weaken the U.S. dollar, providing a tailwind for gold.