Gold Hits All-Time High on Deeper Fed Rate Cut Expectations
Singapore, 16 Sep (ONA) —- Gold prices surged to record highs today, driven by a softer dollar and expectations of a larger
interest rate cut by the US Federal Reserve this week.
Spot gold was up 0.4% to $2,585.54 per ounce, after hitting an
all-time high of $2,588.81 earlier in the session.
US gold futures edged 0.1% higher to $2,613.40.
The dollar weakened 0.2%, making gold less expensive ...