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The gold futures market went on an impressive run in 2019. The low for the year came in April when the continuous futures contract on COMEX fell to a low at $1266 per ounce. In June, the US Federal Reserve lit a bullish fuse under the yellow metal when it told markets to expect interest rates to decline by the end of the year.
The last time the Fed cut interest rates was almost a decade ago when they put the short-term rate at zero percent. Gold did not even wait for the central bank