Gold jumps to record high after US Fed delivers 50 bps rate cut

The Times of India - 18 september 2024

Gold jumps to record high after US Fed delivers 50 bps rate cut

Gold prices reached an all-time high after the U.S. Federal Reserve cut interest rates by 50 basis points, weakening the dollar. Spot gold rose to $2,592.39 per ounce, while U.S. gold futures settled at $2,598.60. Investors are now awaiting comments from Fed …

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