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Gold reclaims $5,200 on trade jitters and Fed cut bets
Gold prices rise over 1% on Wednesday amid uncertainty on US trade policies and expectations that the Federal Reserve (Fed) will ease policy through the rest of the year. At the time of writing, XAU/USD trades at $5,204 after bouncing off its worst levels at $5,121. In the State of the Union speech, US President Donald Trump said that the economy is faring well and that the US is living in a golden age. He added that lower interest rates will solve the housing problem, that inflation is falling, wages rising and that the economy is roaring like never before. Regarding Iran, he claimed that they’re working on ... (full story)