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<Commodity>Persistent Demand for Gold as Safe Haven Pushes Price Near USD5,200
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Gold prices notched all-time highs on Tuesday afternoon US Eastern Time. The market focused on the Fed's two-day meeting starting Tuesday, with expectations that the US will maintain its interest rates. Due to ongoing economic and geopolitical uncertainties, investors continued to favor gold as a safe-haven metal. Spot gold reached a new peak, hitting USD5,190, and last spiked USD173.4 or 3.5% to USD5,181.7 per ounce. Gold futures for February delivery also hit a new peak at USD5,190, closing flat at USD5,082.6 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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