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bjl1547208 : Gold soars to 5-year peak as US Fed signals rate cut

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  • Gold soars to 5-year peak as US Fed signals rate cut (2019-06-21)
  • Gold prices surged to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled a possible interest rate cut as early as next month, pressuring U.S. Treasury yields and the dollar. Spot gold was up 1.7% at $1,382.61 per ounce, after hitting its highest since March 17, 2014 at $1,386.38 earlier. Gold prices have gained about $80 so far this month.    Photo by Imaginechina
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