Gold futures surged to a new record high of $942.20 an ounce on Wednesday, after the Federal Reserve cut the fed funds rate by 50 basis points to 3.0%, meeting market expectations.
Gold for April delivery soared as high as $942.20 an ounce in electronic trading on the Comex.
The contract was last up $4.20 at $935 an ounce.
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Gold On Its New Record High: $942
Gold for April delivery soared as high as $942.20 an ounce in electronic trading on the New York Mercantile Exchange
