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Gold hits near six-year high after Fed signals rate cut

Updated : June 20, 2019 11:33 PM IST

US gold futures settled 3.6% higher at $1,396.90 per ounce.
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
Gold hits near six-year high after Fed signals rate cut

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