Gold rallies on Middle East tensions, Fed rate-cut bets
By Anushree Ashish Mukherjee (Reuters) – Gold prices scaled a one-week peak on Friday as an escalation in the Middle East conflict fuelled safe-haven buying, while softer U.S. producer price inflation boosted bets that the Federal Reserve might cut interest rates sooner. Spot gold was up 1% at $2,048.21 per ounce at 2:24 p.m. ET …
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