Gold and silver extended gains in Asian trading on Wednesday as investors positioned for a more accommodative U.S. monetary policy. Markets now anticipate the Federal Reserve could lower borrowing costs as early as next week, with futures pricing in three rate cuts by year-end 2025, according to CME FedWatch data. Traders also see a 15% probability of a larger 50-basis-point cut, reflecting concerns over slowing economic momentum. A weaker U.S. labor market reinforced these expectations. Nonfarm payrolls for August showed subdued job creation and a rise in unemployment, adding to evidence that growth is cooling. “The ... (full story)