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International Business Times
International Business Times
Business
AFP News

Gold Hits Record Peak On US Rate Cut Hopes

United States Gold Interest Rates
Gold hit $2,141.79 per ounce to break a record it had reached in December (Credit: AFP)

The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.

Shortly after 1330 GMT, gold advanced to $2,141.79 per ounce, surpassing its prior peak of $2,135.39 that was struck in early December, before pulling back slightly.

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