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Stock impact report

Gold prices hit record high on US interest rate cut bets [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Gold futures rose 1.3% to $4,442.70 an ounce, while spot gold climbed 1.6% to $4,412.23 at the time of writing. Analysts attributed the move to growing expectations of further US rate cuts, alongside heightened geopolitical risk after US president Donald Trump and senior aides declined to rule out military conflict with Venezuela. The US has intensified its oil blockade against Venezuela, increasing pressure on the government of president Nicolás Maduro. Tony Sycamore, market analyst at IG, said the gains were driven by “last week's softer-than-expected US inflation and jobs reports, which reinforced expectations for two 25bp Fed rate cuts in 2026”. He added that the rally was also supported by geopolitical tensions after Trump announced a “total and complete” blockade on sanctioned Venezuelan oil tankers and peace talks between Ukraine and Russia appeared to stall Read more: Should you invest in gold? Bullion has risen 67% so far this year, breaking multiple records and su Show less Read more
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