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Gold is Dreaming Again: It Hits $4,330 an Ounce
Gold prices rose sharply in today’s trading, reaching a seven-week high. The cause is a structural weakening of equity markets overnight, while the dollar is losing ground due to the Federal Reserve’s accommodative monetary policy.
[Source: Kitco News]
Fed cuts rates by a quarter point, gold little changed
The Federal Reserve’s decision to ease monetary policy is supporting the price of gold above 4,200 dollars per ounce, but the announcement of a pause before the next cuts has kept the safe-haven asset stable.
[Source: Corriere della Sera]
Silver jumps above 61 dollars per ounce
Silver overtakes gold in today’s trading, gaining 1.21% and reaching an all-time high of 61.61 dollars per ounce. The yellow metal is less robust, correcting as it awaits an interest rate cut and losing 0.06%, slipping below 4,200 dollars per ounce.
[Source: Milano Finanza]
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