Gold prices moved closer to record highs on Wednesday.
This increase was helped by a drop in U.S. bond yields.
Investors expect major central banks to cut interest rates.
Ongoing geopolitical conflicts also boosted demand for gold as a safe-haven investment.
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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