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Gold rises to record high on rate-cut bets, geopolitical strife
Gold rose to an all-time high on heightened geopolitical tensions and expectations for more Federal Reserve rate cuts. Silver also climbed to a record and platinum advanced for an eighth straight session. Spot gold strengthened beyond a previous peak above $4,381 an ounce set in October, having gained for the last two weeks. Traders are betting the Fed will cut interest rates twice in 2026 after a slew of economic data last week did little to provide more clarity on the outlook, though US President Donald Trump has advocated for aggressively lowering rates. Looser monetary policy is a tailwind for gold and silver, ... (full story)
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