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Gold rallies, stocks ease as rate cut optimism fades
short by Kalpesh / on Tuesday, 2 April, 2024
Gold prices hit fresh all-time peaks on Monday with stocks on Wall Street closing mixed as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong U.S. economy that rebuts the need for cuts anytime soon.Chinese shares led a rally around most of Asia overnight amid a broadly optimistic global economic backdrop.
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