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Gold $4,093.08 $(33.17) -0.8% Silver $48.28 $(0.61) -1.24% Platinum $1,607.65 $(10.29) -0.64% Palladium $1,406.93 $(14.08) -0.99%

Gold gains as traders find comfort in Fed rate cut hopes

Gold gains as traders find comfort in Fed rate cut hopes

Gold prices rose on Tuesday after touching a three-week low in the previous session as traders reassessed interest rate cut expectations from the Federal Reserve after a report showed consumers expect lower inflation this year.

Spot gold was up 0.5% at $2,038.99 per ounce after hitting its lowest level since Dec. 18 on Monday. U.S. gold futures rose 0.6% to $2,045.4 per ounce...[LINK]

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