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Gold bullion scales record high on Fed rate cut bets
Business World Philippines
|October 01, 2025
GOLD PRICES surged past $3,800 an ounce for the first time on Monday, setting a new record as investors flocked to the safe-haven asset on US rate cut expectations, fears of a potential government shutdown and escalating geopolitical tensions.
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Spot gold was up 1.9% at $3,829.63 per ounce by 2:00 p.m. ET (1800 GMT), after hitting a record high of $3,833.37 earlier in the session.
US gold futures for December delivery settled 1.2% higher at $3,855.2.
The US dollar index fell 0.2%, making greenback-priced bullion less expensive for overseas buyers.
यह कहानी Business World Philippines के October 01, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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James picks his spots
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Chinese sportswear maker Anta Sports Products exploring bid for Puma
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Not too scary, but a solid first effort
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More than half of new articles on the internet are being written by AI – is human writing headed for extinction?
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