Gold prices hit a record high driven by central bank purchases, with the Fed's interest rate cut path becoming the focus
2024/04/09 02:53
According to Jinshi, the price of gold rose slightly during the early Asian trading session on April 9. Gold prices hit a record high on Monday, driven by purchases by central banks. ANZ analysts said in an email that traders were also watching key U.S. inflation data due out this week. Inflation data is expected to provide more clues on the Fed's path to cutting interest rates and could be the next driver for gold prices.
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