Gold hovers near record high on prospects of bigger Fed rate cut

The Times of India - 17. syyskuuta 2024

Gold hovers near record high on prospects of bigger Fed rate cut

Gold prices remained steady near record highs, with spot gold at $2,582.84 per ounce. Markets are anticipating a U.S. Federal Reserve rate cut, possibly by 50 basis points. The dollar weakened, making gold cheaper for other currency holders. Investors are als…

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