The Federal Reserves interest rate cut of 50 basis points inspired investors to push the price of gold to a 27-year high in the Comex division at the New York Mercantile Exchange at 3:26pm. The last time the price was higher was February 11th, 1980. Investors fearful of a weaker dollar and inflationary pressures are using gold as a currency hedge.
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10-7-2026
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