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Gold Peaks Amid Rate Cut Speculation
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Gold prices surged to a new all-time high of $2,262.19 per ounce as the possibility of a mid-year rate cut by the Federal Reserve amid U.S. inflation softening sparked investor interest. Indian gold prices also reached record levels, affecting consumer demand in the significant market. Silver, platinum, and palladium prices experienced notable upticks in response to the gold rally.
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How might a potential mid-year rate cut by the Federal Reserve affect the broader financial landscape?
In what ways could the record gold prices impact global trade and economic stability?
What factors beyond U.S. inflation are driving the surge in precious metal prices?
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