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International Business Times
International Business Times
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AFP News

Gold Jumps To Record On Rate Cut Bets But Equities Struggle

Jerome Powell Gold the Federal Reserve US Federal Reserve Chris Waller Bitcoin Interest Rates
Gold has been boosted by bets on a Federal Reserve interest rate cut as well as a shift into safe havens cause by the Israel-Hamas war (Credit: AFP)

Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.

However, equity markets struggled to build on a positive lead from Wall Street, with attention now turning to key US jobs figures due at the end of the week.

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