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Fed Chair Powell: March Rate Cut Unlikely, Spot Gold Dives $7 Shortly

Fed Chair Powell: March Rate Cut Unlikely, Spot Gold Dives $7 Shortly

2024/01/31 20:42

Federal Reserve Chairman Jerome Powell said that based on today's meeting, a rate cut in March is considered unlikely. Spot gold briefly jumped $7 to $2,038 per ounce following this news.

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