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Gold Hits Record Highs Amid Rate Cut Speculation
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Gold prices hit record highs above $2,160 driven by weak U.S. economic data and Federal Reserve Chair Jerome Powell's hint at potential rate cuts in 2024. Investor demand surged for gold as a safe-haven asset amid geopolitical risks and economic uncertainty.
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How could the surge in gold and copper prices affect global trade dynamics?
How might Powell's rate cut hints impact other financial markets and assets?
What geopolitical risks are contributing to the increased demand for safe-haven assets like gold?
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