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Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #food - Canadian stock futures inched up on Wednesday, tracking a rise in gold prices, as investors awaited fresh cues about timing of interest rate cuts this year.
Spot gold prices rose to near record-high levels as risks of the Middle East conflict spreading to other regions brought safe-haven flows into bullion, alongside short-term support from falling U.S. dollar and Treasury yields. On the flip side, oil prices slipped as likely higher U.S. commercial inventories weighed, while weaker Chinese economic data and dimmed prospects of interest rate cuts stoked worries about global demand.
Investors awaited fresh clues to gauge when the central banks' would commence their easing cycle, both at home and in the United States.
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