Gold rate

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Gold prices have posted slight losses on Friday, following sharp gains in the Thursday session. The base metal is trading at a spot price of $1262.70 an ounce in the European session. Gold initially dropped after the ECB announced new easing measures on Thursday, but recovered and posted gains after ECB head Mario Draghi stated […]

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Why Gold Prices Peaked to All-Time High? Gold prices have soared to unparalleled levels, surpassing $2200. What's driving this unusual advance? Let's delve deeper into it. 1. US Federal Reserve's Decision: The Fed announced that it will maintain interest rates at their current level for at least three rate cuts during the year. With lower rates, the borrowing cost of holding gold will decrease, as it does not yield interest. 2. Weaker US Dollar: The decline in the US dollar makes the inves... Federal Reserve, Interest Rates, Gold Price, The Borrowers, All About Time, This Is Us, Let It Be, Gold, Instagram

Why Gold Prices Peaked to All-Time High? Gold prices have soared to unparalleled levels, surpassing $2200. What's driving this unusual advance? Let's delve deeper into it. 1. US Federal Reserve's Decision: The Fed announced that it will maintain interest rates at their current level for at least three rate cuts during the year. With lower rates, the borrowing cost of holding gold will decrease, as it does not yield interest. 2. Weaker US Dollar: The decline in the US dollar makes the…

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