Gold notches fresh high on safe-haven demand, Fed rate-cut bets
Gold prices rose to an all-time high on Tuesday, extending gains to a third session on US economic and political uncertainties and expectations of further interest rate cuts by the Federal Reserve. However, markets are pricing in additional 25-basis-point rate cuts in both October and December, with probabilities of 95% and 83%, respectively, according to the CME FedWatch tool.