Gold Rises on Renewed U.S. Rate-Cut Bets

Group 1 - Gold prices are rising due to increased expectations of further interest rate cuts by the Federal Reserve this year [1][2] - New York futures increased by 0.5% to $4,107.30 per troy ounce, while spot prices rose by 1.7% to $4,133.98 per ounce [1] - Traders are pricing in an approximately 81% chance of a rate cut in December, following comments from Fed Governor Christopher Waller regarding a soft labor market and slowing inflation [2]