Gold Advances Toward Record Highs

Gold prices approached record highs, with spot gold rising to $2,676.03 per ounce amid weaker U.S. bond yields and expectations of rate cuts by major central banks. Factors contributing to this surge include anticipated U.S. Federal Reserve cuts, declining inflation in Europe and the UK, and ongoing geopolitical tensions. Analysts predict gold could reach nearly $3,000 by Q1 2025. Silver and other precious metals also saw gains, with spot silver rising to $31.77. 

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