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YouTubeBloomberg Television
Gold Climbs Above $4,500 in Historic Rally for Precious Metals | The Opening Trade 12/24
Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Traders are also betting the Federal Reserve will follow three straight interest-rate cuts by lowering the cost of borrowing again next year, which would be a tailwind for non-yielding precious metals. The Opening ...
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