Gold Stable After Retreating From Record in Wake of US Rate Cut
Sep 19 2024, 06:55 Gold was steady following a tumultuous session in which it touched a record high after the Federal Reserve cut rates by 50 basis points, before retreating as Chair Jerome Powell signaled policymakers aren’t in a rush to ease aggressively. Bullion traded near $2,560 an ounce, after slipping 0.4% on Wednesday. While the…
