The price of gold rose to a fresh record high of more than $2,609 on Friday as the prospect of fresh US interest rate cuts boosted demand for the precious metal.
The commodity jumped to as much as $2,609.74 per ounce, two days after the Federal Reserve slashed borrowing costs for the first time since the start of the pandemic and indicated that more cuts were likely.
BDST: 1500 HRS, SEP 20, 2024
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