Gold prices moved higher on Thursday after the US Federal Reserve announced a 25-basis point rate cut, a decision that slightly weakened the dollar and lifted demand for the yellow metal.
Spot gold was up 0.4% at $3,942.97 per ounce. However, US gold futures for December delivery slipped 1.1% to $3,955 per ounce, indicating some profit booking after the recent gains as of 00:50 GMT.
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The US central bank reduced its benchmark overnight rate by a quarter of a
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