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Gold price dips after hitting near 3-week high

Business

Gold just slipped a bit after reaching its highest point in almost three weeks, as investors grabbed some profits.
But don't count gold out—it's still performing strongly.

Why does this matter?

If you're curious about money moves, gold's steady rise shows how people turn to it when the economy feels shaky.
With talk of a US interest rate cut soon, many see gold as a safer place to park their cash.

What's behind the shift?

The buzz around lower US rates is big right now—there's an 87% chance of a cut this month, and more could follow.
Plus, with the dollar getting weaker and even silver hitting record highs, precious metals are having their moment.