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Gold Prices Surge to Record High Amid Fed Rate Cut Speculation
- Gold prices surged past $3,600 per ounce on Monday in global markets amid rising demand and geopolitical uncertainty.
- This rally followed weak US jobs data released last week, which strengthened speculation that the Federal Reserve will cut interest rates this month.
- In August, China continued to increase its gold reserves for the tenth month in a row, raising its holdings to 74.02 million fine troy ounces, which has contributed to the ongoing rise in gold prices.
- Jateen Trivedi highlighted that gold's attractiveness increased amid ongoing trade disputes and strong predictions of interest rate reductions, with the price of the metal at $3,656 per ounce as of 16:06 IST.
- Anticipation of Federal Reserve rate reductions, ongoing acquisitions by central banks worldwide, and uncertainty in the global economy collectively support gold's potential to continue rising, even though it may face brief periods of price stabilization.
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Gold mining dominates TSX top-performing stocks amid rotation to 'certainty' (Business)
The latest ranking of the Toronto Stock Exchange's top-performing companies indicates investors were on the hunt for safe havens amid economic uncertainty. The TSX 30 is an annual ranking of the top 30 best-performing stocks on Canada's benchmark index based on dividend-adjusted share price performa...
·Kelowna, Canada
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The gold price reaches one peak after another. Some investors rely on a large interest rate cut by the Fed. Donald Trump's attacks could provide a new boost.
The Hamilton SpectatorReposted by 
BNN Bloomberg
BNN BloombergGold mining dominates TSX top-performing stocks amid rotation to ‘certainty’
TORONTO - The latest ranking of the Toronto Stock Exchange's top-performing companies indicates investors were on the hunt for safe havens amid economic uncertainty.
·Hamilton, Canada
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Winnipeg Free Press+16 Reposted by 16 other sources
Gold mining dominates TSX top-performing stocks amid rotation to 'certainty'
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources66
Leaning Left14Leaning Right6Center4Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 17%
R 25%
Factuality
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