Gold prices hit fresh highs this week , with spot values extending their record run above the $3,500 mark into the middle of the week. By Wednesday morning, bullion had climbed down from Tuesday's $3,537 highs to trade at $3,534.42 an ounce at 1:17 a.m. ET. Meanwhile, U.S. gold futures for December delivery surged to $3,600 on Wednesday morning. Volatility in financial markets, as well as lingering concerns about sticky inflation , economic growth and geopolitical tensions, have all benefited gold this year . Since the beginning of 2025, spot gold prices have risen by almost 35%. According to Deutsche Bank's Jim Reid, this latest record is directly linked to widespread expectations of rate cuts by central banks. "Gold prices closed at an all-time high [on Monday]," he said in a Tuesday mor

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