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Gold prices rise to another record high after Fed chair Jerome Powell's comments

IndiaTimes Thursday, 4 April 2024
Gold prices surged to a record high of $2,301.21 an ounce, reflecting a 0.9% increase. This rise comes amid the Federal Reserve's ongoing cautious stance, with no deviation from its anticipated path of rate cuts. This scenario is deemed highly beneficial for gold, as it implies significant rate reductions by the Fed prior to achieving its inflation target.
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