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Gold Extends Record Run as US Rate-Cut Bets Lift AppealSingapore, 3 Sep (ONA) — Gold prices extended their record run today, holding firm above the key $3,500 level, driven by growing investor confidence that the US Federal Reserve will cut interest rates in September.
Spot gold was up 0.2% at $3,540.64 per ounce, and US gold futures for December delivery gained 0.4% to $3,607.60.
Non-yielding gold typically performs well in a low-interest-rate environment.
Spot silver eased 0.2% to $40.81 per ounce, platinum gained 0.6% to $1,412.30, and palladium rose 1% to $1,145.69. — Ends/AH
