Core Insights - The recent decline in U.S. Treasury yields across the curve indicates expectations for interest-rate cuts by the Federal Reserve [1] - The Federal Reserve is anticipated to cut key interest rates in upcoming meetings on October 29 and December 10 [1] - Expectations for continued interest rate cuts into 2026 are based on the prediction of a global decline in interest rates [2]

Group 1 - Gold prices are rising, with futures climbing 1.3% to $4,268 an ounce, approximately $120 short of the record high reached earlier [1][2] - Investors are anticipating a Federal Reserve interest rate cut of half a point by the end of 2025, which typically boosts gold's appeal compared to other safe-haven assets [2]