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03:17
Türkiye: Gold prices hit another record level, up 1.5%
*** FILE FOOTAGE *** SHOTLIST KRASNOYARSK, RUSSIA (MAY 27, 2024) (AAVN - ACCESS ALL) (FILE FOOTAGE) 1. WORKERS SORTING GOLD BULLIONS (TWO SHOTS) 2. VARIOUS OF WORKER WRITING INFORMATION ON GOLD BULLION BY MACHINE 3. VARIOUS OF GOLD BULLIONS ISTANBUL, TÜRKİYE (JANUARY 20, 2025) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 4. VARIOUS OF GOLD COINS AND BULLIONS IN SHOWCASE OF JEWELRY STORE 5 . VARIOUS OF GOLD JEWELRY IN JEWELRY STORE WINDOW 6. VARIOUS OF SILVER COINS AND BULLIONS KRASNOYARSK, RUSSIA / ISTANBUL, TÜRKİYE - FILE FOOTAGE: The price of gold rose by 1.49% on Monday, hitting a historic high of $3,819.8 as of 0700GMT. The price of gold hovered between $2,536.91 and $3,819.8 during the last 12 months; it gained 41.5% over the same period. Gold prices continued their upward trend, led by geopolitical risk, concerns over the global economy, central banks’ gold demand, and the Fed’s rate cut cycle. Following US President Donald Trump's insistence, the Fed cut its policy rate by 25 basis points last week. For the Fed's October and December meetings, markets expect new rate cuts. Weak inflation figures and increasing unemployment data, as well as Trump, pushed the Fed to lower rates.
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