Gold futures rally after Fed pledges to keep interest rates low and sustain stimulus
Gold bars and granules at the Austrian Gold and Silver Separating Plant Oegussa in Vienna. Bullion advanced 14 per cent in 2020 as virus-related lockdowns savaged growth and spurred unprecedented stimulus. ReutersGold futures rallied on a one-two
Gold futures rallied on a one-two lift as the US Federal Reserve vowed to hold interest rates lower for longer and sustain vast stimulus to support a recovery from the coronavirus pandemic, and investors tracked signs of a resurgence in infections in some US states. The haven pushed higher after chairman Jerome Powell said the Fed is committed to “do whatever we can, for as long as it takes", speaking after policymakers held the benchmark rate near zero on Wednesday. Almost all officials ...

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