Gold hits record high on softer dollar, rate cut hopes, Middle East tensions
Reuters
Aug 16, 2024 9:09 PM IST
Gold prices rose to an all-time high due to a weaker dollar, growing expectations for a US interest-rate cut in September, and Middle East geopolitical tensions
Spot gold was up 1.3% to $2,487.66 per ounce by 09:30 a.m. EDT (1330 GMT) (Representational Image/Unsplash)
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