Gold prices surge to five-year high on US Fed rate cut signals
Silver, platinum and palladium are all slightly up, with spot gold gaining about $80 so far in June
20 June 2019 - 15:38
Bengaluru — Gold prices surged to their highest in more than five years on Thursday after the US Federal Reserve signaled a possible interest rate cut as early as next month, pressuring US treasury yields and the dollar.
Spot gold was up 1.6% at $1,380.96 an ounce as of 12.13pm GMT, after hitting its highest since March 17, 2014 at $1,386.38. Gold prices have gained about $80 so far this month. US gold futures jumped 3% to $1,389.10 an ounce, after touching their highest since April 2018 at $1,397.70...
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