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Gold rate today: Yellow metal jumps on US Fed rate cut hopes; experts unveil this strategy for MCX Gold investors | Stock Market News
Source: Live Mint
Gold prices witnessed significant gains in the morning trade in the domestic futures market on Friday, September 13, tracking positive global cues and weakness in the US dollar.
The yellow metal jumped to record highs in international markets as the dollar lost steam driven by optimism for a US Fed interest rate cut next week.
Interest rate cuts and a weak US dollar are both positive triggers for gold prices.
