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Gold Peaks Amid Global Uncertainty
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Overview
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Gold prices surged to a record high of $2,365.09 per ounce fueled by strong buying momentum and geopolitical uncertainties, with U.S. gold futures also climbing. The market awaits the Federal Reserve's policy meeting minutes and U.S. inflation data, predicting a 53% probability of a rate cut in June. Meanwhile, silver prices dipped, while platinum and palladium saw gains, albeit concerns were raised about palladium underperforming platinum due to production challenges.
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How do production challenges in palladium production reflect broader supply chain concerns in precious metals markets?
How might geopolitical tensions further impact gold prices in the coming months?
What factors could influence the Federal Reserve's decision on a rate cut in June?
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