Why gold could rise to $4,900 despite recent pullback.
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Why gold could rise to $4,900 despite recent pullback.
The Federal Reserve officials cut interest rates by 25 basis points on Wednesday, pushing Treasury yields (^FVX, ^TNX, ^TYX) higher and weighing on gold (GC=F) prices. However, gold bounced back above the $4,000 mark during Thursday's trading session. Despite this volatility, gold demand hit a new all-time high in the third quarter as more ...
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