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Gold Holds Near Record High as Markets Await Fed Policy Signals
Gold prices hovered close to record highs on Monday, supported by last week’s U.S. interest rate cut and growing expectations of further monetary easing from the Federal Reserve later this year. Key Highlights: Spot gold rose about 0.7% to $3,709.29 per ounce, after briefly touching a record $
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The Fed cut its interest rate, but long-term rates — including those on mortgages — went higher
Longer-term Treasury yields jumped this week, flying in the face of the Federal Reserve's interest rate cut, as bond investors didn't get the assurances they sought. The 10-year Treasury yield jumped as high as 4.145% after briefly falling below 4% this week. The 30-year Treasury yield — closely fol
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