The prospect of an interest rate cut by the U.S. Federal Reserve has prompted investors to move money out of bonds and into gold, pushing the price of the precious metal to a record high.
As of 10:28 a.m. on Friday (September 13), the spot price of gold stood at $2,564.31; Gold futures were trading at $2,592.50.
Recently, Trump publicly stated at the swearing-in ceremony of the new US Ambassador to India, Sergio Gor, at the White House that the United States is ready to lower tariffs on New Delhi in the future.
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