Gold rises after the decision to cut interest rates

New York, December 11 / WAM / Gold rose today, after the Federal Reserve voted to reduce borrowing costs by a quarter of a percentage point, while silver rose to a new record level.

Gold in spot transactions rose 1% to $4,273.41 per ounce. US futures rose

Gold for February delivery rose 0.1% to $4,262.60 an ounce.

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