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Gold Surges to New Heights with the Anticipation of 2024 Rally Despite Federal Reserve Caution

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The gold price surpassed its previous high from the pandemic period, fueled by growing expectations of interest rate cuts in the US in the coming year. Despite the US Federal Reserve's efforts to dampen optimism, the precious metal recorded a rise of more than 3% in early Monday trading, exceeding the previous record set on 7 August 2020. Although most of these gains were later eroded, the gold price continued its rise in early Asian trading, reaching 2,148 points at one point.

The gold...

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