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Headline : Gold prices hit an all-time high amid high geopolitical uncertainty

Read more from the original article on here at nairametrics.com.






Tags : #gold #prices #hit #alltime #high #amid #high #geopolitical #uncertainty


No. of Paragraph 24

The price of the precious metal settled at an all-time high on Monday, supported by continuing geopolitical tensions and bets on a Fed rate cut.

Gold futures expiring in April increased by 1.4 percent to $2,125.65 an ounce, while spot gold increased by 0.5 percent to settle at a record of $2,126.30.

Some weak U.S. data drove gold’s gains. s. economic data generating speculation about a June interest rate reduction from the Fed.

However, as traders awaited more indications from the central bank, they once more retreated from placing large bets on the yellow metal.

Read more from the original article on here at nairametrics.com.


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