Gold reached a new record of $3,501.59 per ounce, driven by expectations of a rate cut in the US.
Ana-Maria Tapescu
Economy
Foto: pixabay.com
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The price of gold has risen to $3,501.59 per ounce, surpassing the previous record of $3,500.10, due to increased demand from investors seeking safe havens. This trend is fueled by expectations of a possible interest rate cut by the Federal Reserve in September, amid economic and political uncertainties in the U.S.
Sources
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