Gold bars weighing one kilogram each sit on a table in the vault of gold vendor in Munich, Germany. (Photographer: Guenter Schiffmann/Bloomberg)

Gold Gets Fed Boost After Powell Flags Rate Cut Amid Global Risk

Jul 11 2019, 1:30 AMJul 11 2019, 3:03 AMJuly 11 2019, 1:30 AMJuly 11 2019, 3:03 AM

(Bloomberg) -- Gold rose for a third day after the Federal Reserve indicated that it’s preparing to cut interest rates for the first time in a decade as the global economy slows.