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Gold price extends loss as Fed cuts rates, signals less easing

Staff Writer | December 18, 2024 | 11:54 am Markets USA Gold 

Gold extended losses on Wednesday after the US Federal Reserve expectedly lowered interest rates while signalling a more cautious approach to monetary easing next year. Spot gold was down 0.9% to $2,622.44 an ounce by 2:40 p.m. ET following the...

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