Global shares witnessed gains on Friday, fueled by U.S. economic data that solidified the outlook for a Federal Reserve rate cut. The anticipation of this move strengthened gold and put pressure on the dollar. Wall Street stocks gained strength in afternoon trading, poised for a second consecutive week of growth, with sectors like communication services, consumer discretionary, and real estate driving the uptick, while utilities and healthcare lagged.

The Dow Jones Industrial Average rose by 0.36%, the S&P 500 by 0.26%, and the Nasdaq Composite by 0.30%. European markets remained largely unchanged, with a modest weekly gain of 0.41%. MSCI's global stock index inched up 0.07%, marking the second straight session of upward movement.

As the Fed prepares for a likely 25 basis point rate cut,

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