Tag: Expectations
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Gold Surges Above $4,200 Amid Increased Fed Rate Cut Expectations
Gold prices were mixed on Monday morning but were back above the $4,200 level as expectations of a US interest rate cut weighed on the dollar ahead of this week’s Federal Reserve policy meeting. Gold futures slipped 0.1% to $4,238.30 an ounce while spot gold rose 0.3% to $4,209.73 at the time of writing. “Gold…