Gold hits three-week high on hopes of US Fed cutting rates
By Deep Kaushik Vakil (Reuters) – Gold scaled a three-week peak on Wednesday as traders bought zero-yield bullion in anticipation of U.S. interest-rate cuts next year, while a dip in the dollar and bond yields also supported prices. Spot gold was up 0.5%, at $2,076.45 per ounce – its highest since Dec. 4 – by …
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