Gold Hits Record High on Rate-Cut Bets, Weaker DollarSingapore, 2 Sep (ONA) — Gold prices climbed to an all-time high today, extending gains to a sixth session on the back of a weaker dollar and rising bets of a US interest rate cut this month.
Spot gold was up 0.5% at $3,492.26 per ounce, after hitting a record high of $3,508.50.
US gold futures for December delivery gained 1.4% to $3,563.40.
Elsewhere, spot silver slipped 1.5% to $40.61 per ounce, after hitting its highest since September 2011 in the previous session.
Platinum gained 1.6% to $1,417.16 and palladium fell 0.9% to $1,126.63. — Ends/AH
