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Gold Holds Steady Following Three-Day Rally Amid Expected Fed Rate Cuts

The precious metal paused gains after a sustained rally, as investors anticipate further interest rate reductions by the U.S. Federal Reserve.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for setting monetary policy including interest rates.
  • Interest Rate Cuts: A reduction in the benchmark interest rate by a central bank to stimulate economic activity.
  • Gold Rally: A sustained period of rising gold prices in the market.