Mumbai, March 20 -- COMEX gold surged to hit yet another lifetime high on Thursday morning in Asia as dollar surrendered previous day gains and weakened back towards 103 mark. The greenback pulled back following Fed projections signaled the central bank is still likely to lower rates later this year. Yesterday, the Federal Reserve announced it's widely expected decision to once again leave interest rates unchanged and with regard to the outlook for rates, officials forecast rates in a range of 3.75 to 4.0 percent by the end of the year. Meanwhile, GDP expectations for 2025 have been downgraded to 1.7% from 2.1%, while unemployment is now forecasted at 4.4%, suggesting a softer labor market outlook. The yellow metal is currently quoting at $...
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