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CoinOtag 2024-07-17 06:09:50

Gold Prices Surge as Fed Chairman Powell Hints at Potential Rate Cut

Gold prices surged on Tuesday, nearly touching their all-time high of $2,449.89 set in May. This rise follows comments by Fed Chair Jerome Powell, hinting at potential rate cuts in September. Powell’s proactive stance on rate cuts has buoyed investor confidence, alongside signs of easing inflation. Discover how Jerome Powell’s comments on potential rate cuts

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