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\nGold prices eased on Monday but hovered near the record peak hit last week, setting bullion on track for its best quarter in over eight years following a jumbo US rate cut decision and expectations of another outsize reduction in November.<\/p>\n

Spot gold was down 0.2% at $2,653.38 per ounce, owing to a rise in the US dollar.<\/p>\n

Bullion has risen slightly over 14% so far this quarter, its best since January 2016.<\/p>\n

On a monthly basis, gold has added 6% in September after hitting another record high of $2,685.42 on Thursday in a rally driven by the Federal Reserve’s half-percentage-point cut, China’s stimulus measures and ongoing Middle-East war concerns.<\/p>\n

Platinum edged 0.1% lower to $999.35 and palladium rose 0.1% to $1,012,50. Both metals are headed for quarterly gains.<\/p>\n

Gold prices eased on Monday but hovered near the record peak hit last week, setting bullion on track for its best quarter in over eight years following a jumbo US rate cut decision and expectations of another outsize reduction in November.<\/p>\n

Spot gold …<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-279400","post","type-post","status-publish","format-standard","hentry","category-production"],"yoast_head":"\nGold Eases But Holds Near Last Week's High - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/gold-eases-but-holds-near-last-weeks-high-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Eases But Holds Near Last Week's High - Fujairah Updates\" \/>\n<meta property=\"og:description\" content=\"Gold prices eased on Monday but hovered near the record peak hit last week, setting bullion on track for its best quarter in over eight years following a jumbo US rate cut decision and expectations of another outsize reduction in November. 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