European markets are set to open higher, with the FTSE 100 up 39 points and the DAX rising 53 points, as investors await earnings from Imperial Brands and Thyssenkrupp, along with euro zone inflation data. In the U.S., confidence in rate cuts by the Federal Reserve appears to be waning, with a 62.1% likelihood of a December cut, down from previous weeks. Meanwhile, Wall Street banks have differing predictions for gold prices in 2025, with Goldman Sachs forecasting $3,000 per ounce.
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