Gold rose toward its record high above $930 an ounce on Wednesday as the dollar tumbled after the U.S. Federal Reserve aggressively slashed key interest rates and left more room for further rate cuts to boost the U.S. economy.
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Gold rises toward record high after Fed rate cutPosted by UK Economy News
In UK financial news
30Jan 08 Gold rose toward its record high above $930 an ounce on Wednesday as the dollar tumbled after the U.S. Federal Reserve aggressively slashed key interest rates and left more room for further rate cuts to boost the U.S. economy.
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