09.01 - GOLD SIGNALS: Gold prices rise on Fed rate cut bets
- George Solotarov
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Gold prices rose by 1.5% on Wednesday to $2,030 an ounce as investors increased their bets on a March rate cut by the Federal Reserve.
A decline in U.S. consumer inflation expectations also supported gold, as it lowers the likelihood of a more aggressive rate hike by the Fed.
However, rising yields on U.S. 10-year Treasury bonds capped gold's gains.
Investors are awaiting the release of U.S. inflation data on Friday, which could provide more clues on how the Fed will adjust its policy.
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