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Gold Prices Surge on Safe-Haven Demand and Fed Rate Cut Bets
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Overview
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Gold prices rose due to safe-haven demand and renewed bets for an early rate cut by the U.S. Federal Reserve. The market is betting on 166 basis points of Fed rate cuts this year, with a 79% chance of an early start as soon as March.
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How might the gains in platinum and palladium impact the precious metals market?
What are the potential implications of an early rate cut by the U.S. Federal Reserve?
What factors are driving the safe-haven demand for gold?
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