The Australian Federal Reserve cut interest rates back to back, and gold prices rose again
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In a statement, the Australian Fed chairman, Lowei, said: ""The decision to lower the cash rate today will help to further digest the idle capacity in the economy. It will help to make faster progress in reducing unemployment and to achieve more confidence in the achievement of the inflation target. The Commission will continue to pay close attention to the development of the labour market and, if necessary, will adjust monetary policy to support economic growth and to achieve inflation targets."
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