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On Thursday, gold prices set a new record. With spot gold prices jumping more than 0.4% to a record high of $2,161.19 an ounce, while gold futures expiring in April hit a peak of $2,168.10 an ounce.
But why the rise in gold prices?
Broadly, gold is benefitting from optimism about U.S. monetary policy and investors’ hopes for lower interest rates.
On Wednesday, Federal Reserve Chair Jerome Powell said that interest rates could be cut at some poi...