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Oct
Oct
Gold Surges to Record as U.S. Shutdown Fears and Rate Cut Bets Amplify Demand
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News Editor / 2 weeks
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- 1 min read
Gold prices shot to all-time highs on Wednesday as a U.S. government shutdown rattled markets and expectations for a Federal Reserve rate cut gained momentum. Spot gold climbed 0.9% to $3,891.96 per ounce, touching a record $3,895.09 in intraday trade. U.S. gold futures for December delivery also rose, gaining 1.2% to $3,918.60. The price rally was […]
