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Gold price back above $2,500 as Fed hints at September rate cut

Staff Writer | August 23, 2024 | 9:42 am Markets USA Gold 

Gold rebounded above $2,500 an ounce on Friday after Federal Reserve Chair Jerome Powell signalled that time has come for interest rate cuts starting this September. Spot gold gained 0.9% at $2,508.16 per ounce by 12:30 p.m. ET Friday, having...

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