Gold At Record High Following Fed's Rate Cut Decision; Brent Crude Holds Above $73/bbl | CNBC TV18

Crude oil prices fell after a larger-than-expected US Fed rate cut sparked concerns about the US economy.

Brent crude futures for November declined 0.46% to $73.31 a barrel, while WTI crude futures for October fell 0.59% to $70.49 a barrel.

Gold prices traded at a record high today as investors digested Fed Chair Jerome Powell’s comments after the super-sized rate cut by the US central bank. Spot gold was little changed at $2,558.00 per ounce. Bullion rose to a record high of $2,599.92 on Wednesday before closing lower. US gold futures fell 0.6% to $2,582.70.

#crdueoil #crudeoilprices #brentcrudeoilprices #goldprices #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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