Gold prices surged to record highs on Wednesday, demonstrating resilience despite a rising dollar that put pressure on both the yen and the euro. Meanwhile, global stocks declined as investors exhibited caution, hesitant to make significant investments ahead of the U.S. election scheduled in two weeks.
The recent economic data from the U.S. has prompted investors to reassess expectations regarding potential interest rate cuts by the Federal Reserve. The data indicates that the economy remains robust, continuing to expand and generate jobs, which may influence the Fed’s monetary policy decisions moving forward.
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