Gold reached historical highs in the Asian session, exceeding $2,482 per ounce, propelled by the market's certainty of a Fed interest rate cut in September and global uncertainty with a potential Donald Trump return.
The Fed's comments on a faster-than-expected slowdown in inflation have increased expectations of a rate cut in September, driving 10-year Treasury yields to their lowest since mid-March, a key driver for gold's gains.
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