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Gold Surges Past $4,100 as Fed Cut Bets Rise
Precious metals rally on easing expectations and flight-to-safety flows.
Gold climbed to a new record above $4,100 per ounce as investors priced in a likely Fed rate cut and sought safe-haven assets amid trade tensions. The rally was supported by weak data expectations and central bank easing bets. Silver also hit a record high. Analysts see further upside if global volatility increases.