Gold extends rally to record as Powell hints at rate cut in 2024

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9 months ago

Gold prices surged to a record high on Thursday, poised for their seventh consecutive daily rise, led by sluggish U.S. economic data and Federal Reserve Chair Jerome Powell’s indications of potential rate cuts in the coming months should inflation alleviate. Spot gold rose 0.3 percent to $2,155.42 per ounce, as of 0723 GMT. U.S. gold

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