The Commonwealth Bank of Australia (CBA) said it expects the Fed Reserve to cut interest rates about four times in the next 12 months, and gold prices are expected to rise accordingly. Gold prices are expected to hit a high of $1,500 an ounce in the first quarter of next year, which is a risk to the outlook for gold prices, including stronger-than-expected U.S. economic resilience and fewer than four Fed interest rate cuts.
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