Category: Economics News
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Surge in Gold Price as Federal Rates Cut Impact US Yields
Gold price surges above $2,700 Following the surprising decision of the Federal Reserve to cut their rates, the price of gold witnessed a substantial surge, exceeding the $2,700 mark. Gold, renowned for being a safe-haven asset in times of financial turbulence or uncertainty, proved its worth anew. Reduced rates from the Fed often indicate an…