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Gold Nears All-Time High as Rate-Cut Expectations Lift Sentiment
Gold inches closer to record highs on Fed rate-cut hopes and a weaker US dollar.
Gold prices in India are now just ₹2,700 below their record level as optimism around a potential US Federal Reserve rate cut and a softer US dollar boosts demand. Traders believe that lower global rates could strengthen bullion’s appeal, while ongoing geopolitical and currency pressures continue to support upward momentum. Analysts are watching for confirmation from upcoming Fed signals to gauge whether gold can push to a fresh peak.