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  • Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
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Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates

July 16, 2024

[#item_full_content]Rising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.

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Traders see the odds of a Fed rate cut by September at 100%
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