U.S. key rate cut sends global gold prices soaring
Published: 23 Sep. 2024, 18:11
![Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/09/23/2191da5d-bb07-421f-a636-8dd1f6cad363.jpg)
Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]
![Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/09/23/c387ce7b-7393-418c-8f01-a6dd56fd38be.jpg)
Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]
![Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/09/23/f33df70b-9e1e-48bb-868a-2c8a32870423.jpg)
Gold bars are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday. [YONHAP]
Gold products are displayed at the Korea Gold Exchange headquarters in Jongno District, central Seoul, on Monday.
The international prices of gold hit an all-time high after the U.S. Federal Reserve cut its key interest rate on Sept. 18. The spot price of gold in the United States stood at $2,620.63 per ounce on Friday, up 1.3 percent from a day earlier. Geopolitical risks have driven up gold purchases around the world.
with the Korea JoongAng Daily
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