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Gold Climbs as Stocks Fall; Fed Rate Cut Expectations Lend Support

June 14, 2019 / www.investing.com
Investing.com - Gold prices climbed on Thursday in Asia as risk sentiment remained weak and expectations for a rate cut from the Federal Reserve also provided support.Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2% at $1,339.95 per ounce by 01:40 AM ET (05:40 GMT).“Today, global equities are weaker, there is some safe-haven buying, and buying ahead of the U.S. Fed meeting next week,” said Bob Haberkorn, senior market strategist at RJO Futures, in a Reuters report.“If the Fed cuts rates in June, you’re going to see some substantial gains here in the precious metals market … People are trying to get ahead of that and add some gold to their portfolio.”The U.S. central bank is widely expected...

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Gold
1,340.92
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Silver
14.87
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Platinum
794.61
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Palladium
1,460.41
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Aluminum
0.79
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Cobalt
12.70
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Iron Ore Fines
71.00
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