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Wednesday, May 15, 2024

Gold headed for best year since 2020

Falling interest rates could push price as high as $2,300 an ounce next year, says economist

One-kilogramme gold bars are displayed at the plant of gold and silver refiner Argor-Heraeus in Mendrisio, Switzerland. (Photo: Reuters)

Gold prices gained on Friday and were headed for their best year since 2020, supported by rising expectations that the US Federal Reserve could begin cutting interest rates as early as…

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