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Gold Prices Surpass $1,400 and Gold ETFs Surge

Anuradha Garg
Gold Prices Surpass $1,400 and Gold ETFs Surge

Gold futures registered their single largest one-day jump of 2.8% on June 20 following the Fed’s dovish stance at its June meeting. While the Fed kept rates unchanged, it hinted at future rate cuts if the conditions warrant them, which sent gold prices soaring.