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Gold $2,463.42 $5.94 0.24% Silver $30.31 $0.04 0.13% Platinum $990.82 $(4.85) -0.49% Palladium $949.78 $(2.54) -0.27%

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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