Gold rallies to record high on US government shutdown and Fed rate cut bets
Gold prices surged to a record high on Wednesday, lifted by a weaker dollar and safe-haven demand after a U.S. government shutdown while softer jobs data reinforced expectations the Federal Reserve will cut interest rates this month. Spot gold was up 0.1% at $3,861.77 an ounce at 01:48 p.m. ET (1748 GMT) after touching a […]
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