Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day. Spot gold was little changed at $2,571.28 per ounce. Bullion rose to a record high of $2,589.59 on Monday. US gold futures rose 0.2% to $2,597.60. The Fed is expected to announce a cut to interest rates for the first time in more than four years. Among other metals, spot silver fell nearly 1% to $30.42 per ounce, platinum edged 0.2% lower to $979.85 and palladium shed 0.6% to $1,109.42. Source: Qatar News Agency
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