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Gold prices have never been this high
  + stars: | 2023-12-04 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —Gold prices hit an all-time high Monday, buoyed by growing expectations of interest rate cuts among investors, a weaker dollar and geopolitical tensions. “This has created a more favorable environment for gold as a non-yielding asset.”John Reade, a market strategist at the World Gold Council, an association of gold producers, told CNN that, with investors predicting several rate cuts over the next year, gold prices could “quite possibly” shoot above Monday’s record high. Since gold is priced in US dollars, the fall in the greenback’s value has made it less expensive for investors outside the United States to buy the metal, which should have boosted demand and, in turn, lifted gold prices. Gold prices have risen 10% so far this year. According to the World Gold Council, central banks in emerging markets bought 473 metric tons (521 tons) of gold a year on average between 2010 and 2021.
Persons: ebbs, Daria Efanova, ” John Reade, Jamie Dimon, ” Reade, , Reade, Organizations: London CNN —, US Federal Reserve, Treasury, Sucden, World Gold Council, CNN, Interactive Investor Locations: United States, Russia, Ukraine, Israel, Gaza, China, South China, Taiwan, Russian
CNN —A former staffer who accused Joe Biden of sexual assault has defected to Moscow and spoken to Russian state media in a news conference that lasted several hours. Tara Reade drew headlines during the 2020 presidential race, when she accused then-candidate Biden of sexually harassing and assaulting her when she worked in his Senate office in 1993. Biden has strongly denied Reade’s allegations, and no ex-Biden staffer has come forward to say they ever witnessed or heard about any kind of sexual misconduct in his Senate office. In an interview with MSNBC in 2020, Biden said he is “saying unequivocally, it never, never happened. After being out of the headlines for years, Reade turned up in Moscow on Tuesday, where she sat alongside convicted Kremlin spy Maria Butina and answered questions from Russian state media.
Persons: CNN —, Joe Biden, Tara Reade, Biden, ” Reade, Reade, Maria Butina, Butina, Vladimir Putin’s, , , Putin “ Organizations: CNN, Biden, MSNBC, Twitter Locations: Moscow, Russian, Russia, Washington
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