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flag US gold futures reach record high amid tariffs on gold bars and expectations of a Fed rate cut.

flag US gold futures hit a record high Friday after reports that the US imposed tariffs on one-kilo gold bars, affecting top refining hub Switzerland. flag This move, along with weak US economic data, has increased expectations for a Federal Reserve interest rate cut in September, boosting gold's appeal as a safe-haven asset. flag The CME Group's FedWatch tool shows an 89.4% chance of a 25-basis-point rate cut next month.

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