Gold edges lower after a divided Fed cuts rates; silver hits record high
From brecorder.com
Gold eased on Thursday, pulling back from a near one-week high, after the US Federal Reserve delivered a divided interest rate cut that left investors uncertain about the pace of easing next year, while silver notched another record high. Spot gold fell 0.2% to $4,221.49 per ounce, as of 0300 GMT, after touching its highest since December 5 earlier in the session. US gold futures for February delivery gained 0.6% to $4,249.70 per ounce. “Gold has been unable to kick on with things today because the Fed’s message was essentially that any further rate cuts could be few and far between,” KCM Trade Chief Market Analyst ...
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