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Day: July 29, 2024

Gold Prices Rise on Hopes of US Interest Rate Cut

Gold prices went up on Monday amid expectations of a US rate cut in September and rising geopolitical tensions in the Middle East.

Spot gold was up 0.5% at $2,397.65 per ounce. US gold futures climbed 0.7% to $2,396.70.

The US central bank’s Federal…

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