Gold futures climbed by more than 2% on Thursday, posting their biggest one-day gain since October and lifting prices closer to record highs in one fell swoop after the Federal Reserve signaled three interest-rate cuts for next year.
Gold for February delivery GC00 GCG24 climbed $47.60, or 2.4%, to settle at $2,044.90 an ounce on Comex after trading as high as $2,062.90, according to FactSet data. The one-day dollar and percentage climb was the largest since October, according to Dow Jones Market Data.
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