Gold notches 5-year highs over dovish signals by Fed policymakers
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THE US Federal Reserve has signalled a strong dovish pivot on monetary policy guidance as Federal Open Market Committee officials noted lacklustre inflation and subdued economic momentum.
The central bank has turned increasingly accommodative as market risks elevate over looming economic and geopolitical uncertainties.
Traders have priced in aggressively for three rate cuts by the second half of 2019 as Fed Policymakers pledge to sustain economic expansionary activities.
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