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Gold prices tick higher on US rate cut bets – ET Retail

adminMay 7, 202403 mins

Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year. FUNDAMENTALS * Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20. * Traders are pricing in a 64%…

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