Gold reaches the fresh record high of $4,639.77 during the Asian hours on Wednesday. Precious metals, including Gold, attract buyers amid growing bets on Federal Reserve rate cuts following the softer inflation in the United States. US inflation data for December signaled easing underlying US inflation, strengthening views that price pressures are gradually cooling.
Source: https://www.fxstreet.com/news/united-kingdom-10-y-bond-auction-4456-vs-previous-4613-202601141052