Gold Soars on Surprise Rate Cut, Latest Gold News!

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Gold soars! Gold bulls benefit from lax monetary policy. Trump wants lower rates!

On Tuesday 3, The Federal Reserve, in a surprise, cut its benchmark interest rate by 50 basis points. Source: CNBC

How is gold trading on coronavirus uncertainty, and interest rate developments?

Resistance awaits at $1,630, followed by $1,660, and then the peak of $1,689 high which is the seven-year high. Via: FXSTREET

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