Gold Surges Amid Rising Fed Rate Cut Expectations
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BTCCSquare news:
Gold prices climbed 0.6% to $4,183.01 per ounce in Asian trading, marking a fourth consecutive monthly gain with a 4.6% rise in November. The rally reflects shifting market expectations, as traders now price in an 82.8% probability of a December Fed rate cut—up sharply from 28.5% just one week prior.
Technical indicators suggest gold may break through the $4,200 resistance level, though thin holiday volumes raise questions about sustainability. The MOVE comes amid cooling system disruptions at CME data centers and growing FOMC support for aggressive easing, with some members openly advocating for a 50 basis point cut.
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