Gold prices climb to nearly a two-week high as U.S. rate cut bets increase According to Jin10 Data, gold prices surged to nearly a two-week high on Wednesday after U.S. economic data bolstered expectations for a Federal Open Market Committee (FOMC) rate cut in December, putting pressure on the dollar. Spot gold rose over 0.7% to $4,160.12 per ounce, the highest level since November 14. 'The current expectation leans more towards a December rate cut... dovish comments from Fed officials and strong economic data have strengthened this case, which has boosted gold from a yield perspective,' said Tim Waterer, Chief Market Analyst at KCM Trade. https://www.(techflowpost.com)/newsletter/detail_106603.html