US EditionGold’s record rally pauses as US dollar ticks up
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Gold reached a record high after the US government shutdown and weak private sector employment data fueled expectations of a Fed interest rate cut. However, it has since stabilized. An ounce of gold is currently at $3,860, while a gram is at 5,170 Turkish Lira. Here are the current gold prices.
Gold Nears Pullback After Record High
Gold is nearing pullback territory after rallying for five consecutive days, IG market analyst Tony Sycamore has warned. The precious metal reached a fresh record above $US3895 an ounce amid the US government shutdown. According to Sycamore, the Supreme Court’s decision to block President Donald Trump from removing Federal Reserve governor Lisa Cook until January next year may also impact gold prices. Sycamore suggests that the Supreme Court’s r…
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