Gold reached an all-time high as traders expect interest rate cuts and geopolitical tensions drive up demand for bullion as a safe-haven asset.
Market anticipates Core PCE Price Index release and Fed Chair Powell speech to impact gold prices.
A stronger-than-expected inflation reading could fuel price corrections in gold as traders reassess monetary policy expectations.
Gold may find long-term support from interest rate cuts, central bank purchases, and ongoing geopolitical tensions.
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