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Gold prices edge up as US cuts interest rates
Business
Gold prices ticked higher on Thursday after the US Federal Reserve trimmed interest rates by 0.25%.
Spot gold reached $4,242.39 an ounce, while February futures climbed to $4,271.30.
The move comes as the Fed tries to balance job market worries and stubborn inflation.
Silver hits new highs; mixed signals for other metals
Silver also shot up, hitting a record $62.67 before settling at $62.31—up 113% this year thanks to strong demand, shrinking supply, and the metal's entry into the US critical minerals list.
Meanwhile, the world's biggest gold ETF saw a slight dip in holdings, platinum nudged up a bit, and palladium slipped.