#rate-cut-expectations

#rate-cut-expectations

Gold neared weekly highs as Fed rate-cut expectations fueled bullish momentum amid thin liquidity and a CME outage, while geopolitical risks could boost safe-haven demand.

The US dollar hovered near multi-month lows as markets largely priced a quarter-point Fed rate cut, with attention on updated projections and Powell's guidance into year-end.

European equities rose as US rate-cut expectations and a slightly more constructive political tone in France boosted investor sentiment, led by retailers and large-cap gains.