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Gold strikes record above US$2,100 as rate cut bets surge

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Published Mon, Dec 4, 2023 · 10:10 AM
    • Gold struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic.
    • Gold struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. PHOTO: ST FILE

    GOLD prices soared to a record high above US$2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year.

    The precious metal struck US$2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. AFP

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