[Expectations of a December rate cut by the Federal Reserve drive gold prices higher] Golden Finance reported that the recently released US personal consumption expenditure data was in line with expectations. The market is optimistic about the prospect of a December rate cut by the Federal Reserve. Gold prices rose slightly in early Asian trading. ANZ Research analysts said in a research report that the overall market performed poorly overnight during the US Thanksgiving holiday. The commodity market currently expects a 70% chance of a 25 basis point rate cut in December, up from 56% a week ago. At the same time, analysts said that geopolitical tensions in Europe after the Russian missile attack on Ukraine also boosted demand for safe-haven assets. (Jinshi)