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<Commodity>Gold Price Sets All-time High on Fed's Rate Cut Prospect
The gold price set an all-time high on Monday as the weakness of the US dollar and the prospect of US interest rate cuts boosted the appeal of the non-yielding gold.Spot gold rose ...
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<Commodity>Gold Price Sets All-time High on Fed's Rate Cut Prospect
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The gold price set an all-time high on Monday as the weakness of the US dollar and the prospect of US interest rate cuts boosted the appeal of the non-yielding gold.
Spot gold rose 0.2% to US$2,581 per ounce after hitting a record high of US$2,589.59. Gold futures for December last slid US$3.3 or 0.1% at US$2,607.4 per ounce.
Silver futures for December dipped 0.1% to US$31.045 per ounce.
Copper futures for December added 0.9% to US$4.272 per pound.
Platinum futures for October sank 2.1% to US$986.1 per ounce.
Palladium futures for December hiked 0.9% to US$1,081 per ounce.
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