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Gold Hits Record High

Gold prices rose to a record high on Monday, as a softer US inflation report cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June. Spot gold was up 1.2% at $2,258.71 per ounce, as of 0328 GMT, after hitting an all-time high of $2,259.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Jerome Powell Yeap Jun Rong Jun Rong Group Fedwatch Tool Federal Reserve Chair Jerome Powell
Source: aawsat.com

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