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Gold Price Soars to 2020 Highs on Rate Cut Expected - News

2023-12-04T09:07:13.756Z

Highlights: Gold Price Soars to 2020 Highs on Rate Cut Expected. Prices rose 3.1% to $2,135.02 an ounce, surpassing the previous record set in 2020 during the pandemic. Expectations of a rate cut by the Fed are being pushed by the pressure. Around 8:30 a.m., the precious metal for immediate delivery is trading at $2.075.97 an ounce. The price of gold fell back to 2,075 dolals an ounce later in the day.


Gold runs and in the night it reaches a new all-time high. Prices rose 3.1% to $2,135.02 an ounce, surpassing the previous record set in 2020 during the pandemic. The expectation of a rate cut by the Fed.Il metal then gave way and returned to 2,075 dolals an ounce. (ANSA)


Gold runs and in the night it reaches a new all-time record. Prices rose 3.1% to $2,135.02 an ounce, surpassing the previous record set in 2020 during the pandemic. Expectations of a rate cut by the Fed are being pushed by the pressure. Around 8:30 a.m., the precious metal for immediate delivery is trading at $2,075.97.


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Source: ansa

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