Thu, Mar 23, 2023
By hiking rates by 25 basis points, the U.S. Federal Reserve indicated that it was approaching the pinnacle of its rate hike cycle, which contributed to an increase in the price of yellow metal globally. Investors will find the yellow metal more appealing as a result of the continued low-interest rates.
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Sat, Dec 02, 2017
Bullion traders attributed the recovery in gold prices to a firm trend overseas as the weakness in dollar boosted demand for the precious metal as a safe-haven.
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