Gold Prices Rally to Over 3-Month High
Gold prices rose to the highest since February 20th on Wednesday, extending gains from the previous session, on the back of a weaker dollar and ongoing concerns about global economic growth. Gold continues to benefit from investors’ decisions to turn to safe-haven assets following the US Federal Reserve´s signal that a rate cut is coming. Gold prices went up as much as 1% to $1337 an ounce around 7:00 AM New York time. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.
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