By Noel John (Reuters) -Gold prices rose more than 1% to a near two-week high on Wednesday, after benign U.S. economic data reinforced expectations of a Federal Reserve interest rate cut next month, supporting non-yielding bullion.

Prediction markets Kalshi and Polymarket show a more than 80% probability of a 25-basis-point Federal Reserve interest rate cut at the central bank's Dec. 9-10 policy meeting.

The Fed’s latest Beige Book points to weaker hiring, softer consumer spending, and moderate price pressures as policymakers weigh a potential year-end rate cut.

October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher.

The last piece of inflation data the Federal Reserve will see before its pivotal December meeting to debate another interest-rate cut showed just a mild increase in wholesale prices even before the government shutdown.

The Federal Reserve’s anecdotal look at the economy shows a sputtering job market and moderate inflation in November.

A look at the five favorites to lead the US Federal Reserve, and what each pick would mean for the world’s biggest economy.