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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the start of the week, the gold price increased. Renewed bets that the US Federal Reserve would start cutting interest rates in June and a weaker dollar reinforced the attractiveness of
bullion.At 3:50 GMT, spot gold was up 0.4% to $2,172.09 per ounce. U.S. gold futures rose 0.6% to $2,173.40 per ounce. The gold price hit an all-time high on Thursday after Fed policymakers indicated that they still plan to cut interest rates by three-quarters of a percentage point by the end of 2024, despite the recent high inflation figures
.Spot silver gained 0.2% to $24.71 per ounce, platinum rose 1% to $902.60, and palladium rose 1.4% to $999.79 per ounce.
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