Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered expectations of an impending interest rate cut.
In his latest address, Powell highlighted that recent U.S. economic indicators are encouraging, suggesting that inflation is moving towards the target. Importantly, he indicated that the Federal Reserve might initiate m
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