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Home Gold News Gold Prices Hold Steady as Markets Prepare for U.S. Election and Potential Fed Rate Cut

Gold Prices Hold Steady as Markets Prepare for U.S. Election and Potential Fed Rate Cut

by anna

November 4 — Gold prices remained stable on Monday as investors geared up for a crucial week in the global economy. U.S. voters are set to elect a president, and the Federal Reserve is expected to consider another interest rate cut.

As of 07:30 GMT, spot gold saw a slight increase of 0.2%, trading at $2,739.63 per ounce. The precious metal had reached a record high of $2,790.15 last Thursday. U.S. gold futures remained unchanged at $2,749.30.

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Market participants are closely watching these developments, which could significantly impact gold prices in the near future.

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