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Gold Hits Record High on Fed Rate-Cut Hopes, Rising Haven Demand

(Bloomberg) Gold surged to an all-time high, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year along with rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeChina’s Housing Rescue Too Small to End Crisis, Analysts SayEven If Alito Is Right, the Upside-Down Flag Was WrongGantz Says He’ll Quit Unless Netanyah

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Gold hits fresh record on Fed rate-cut hopes, rising haven demand

Spot gold rose 1 per cent to US$2,438.44 per ounce as at 0811 GMT. Read more at straitstimes.com.

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Gold surges to record after Iran s president killed in crash

The Bank of England is on course to cut interest rates as soon as this summer, its Deputy Governor has said.

New south walesNicholas frappellHossein amirabdollahianIranian president ebrahim raisiForeign minister hossein amirabdollahianMiddle east

Gold surges to record high after Iran s president killed in crash

Gold surges to record high after Iran s president killed in crash
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Gold surges to record high on Fed speculation, geopolitical risks

Gold has hit record highs, fuelled by expectations of Federal Reserve rate cuts and escalating geopolitical tensions.

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