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Commodity Capsule: Gold Prices Soar on 2024 Rate Cut Prospects
Updated: January 2, 2024 04:33 PM IST
Gold prices are rising because the Federal Reserve might lower interest rates in 2024. Investors are watching for clues in economic data. Gold gained 14% in 2023, hitting its first annual rise since 2020. US gold futures are nearing $2,080 per ounce
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