Gold Climbs Above $800 An Ounce

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Investors are looking ahead to the Federal Open Market Committee meeting on Dec. 11. Many experts expect to see an interest rate cut for the third straight meeting. The question has become whether the Fed will elect to slash rates by either 25 or 50 basis points. Gold has soared to its highest level in 27 years, helped by the last two rate cuts.

Gold prices moved higher again on Tuesday, adding to gains from the previous session. February gold added $7.10 to trade at $801.80. The metal moved further away from the 10-day low it hit on Friday...

Investors are looking ahead to the Federal Open Market Committee meeting, which is planned for Dec. 11. Many experts expect to see an interest rate cut for the third straight meeting. The question for many has become whether the Fed will elect to slash rates by either 25 or 50 basis points. Gold has soared to its highest level in 27 years, helped by the last two rate cuts.

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