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Gold Skyrockets as Stars Align for Fed Rate Cuts

September 13, 2024, 10.05 PM | Source: Reuters
Gold Skyrockets as Stars Align for Fed Rate Cuts

ILUSTRASI. Spot gold was trading at record levels, up 0.7% at $2,576.48 per ounce.

GOLD - NEW YORK. Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar.

Spot gold was trading at record levels, up 0.7% at $2,576.48 per ounce by 10:10 a.m ET (1410 GMT). U.S. gold futures rallied 1% to $2,605.30.

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