Gold Holds Near All-Time Highs Ahead of Fed Meeting Next Week

Core Viewpoint - Gold prices are near record highs due to expectations of an interest rate cut by the Federal Reserve following signs of a softening U.S. labor market [1][2] Group 1: Gold Market - Gold futures have risen by 0.2% to $3,680 per troy ounce, marking an increase of nearly 1% this week [1] - Analysts at Saxo indicate that the market anticipates a rate cut as a certainty due to weaker economic data, particularly in job numbers [2] Group 2: Federal Reserve Expectations - The upcoming Federal Reserve meeting is expected to be pivotal, with markets closely monitoring the statement and press conference for indications of future rate cuts or inflation risks [2]