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Gold prices soar past $2,000 as Fed signals 2024 rate cuts.

Gold prices rose above key levels in Asian trade on Thursday, extending gains from the prior session after the Federal Reserve said it was done raising interest rates and projected lower borrowing costs in 2024.

The central bank kept rates on hold, as widely expected, and said it would likely cut interest rates by a bigger-than-expected margin in 2024, citing clear progress towards bringing inflation back within its 2% annual target.