New York [US], December 12: Gold (XAU/USD) rallied sharply on Thursday following the US Federal Reserve's anticipated interest rate cut announced the previous day.
Although the Fed signalled a potential pause in its easing cycle, the guidance did little to temper bullish momentum in precious metals.
At the time of writing, the XAU/USD climbed to $4,267, rebounding strongly after touching an intraday low of $4,204. The metal's surge reflects heightened investor appetite for safe-haven assets amid shifting expectations for US monetary policy.
Source: Emirates News Agency
