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Gold Shines at Record Peak on US Rate-Cut BetsSingapore, 23 Sep (ONA) — Gold prices today surged to a historic peak, buoyed by rising expectations of additional US interest rate cuts and a softer dollar. Spot gold rose 0.2% to $3,752.43 per ounce, touching an all-time high of $3,758.03 earlier in the session. US gold futures for December delivery climbed 0.3% to $3,787.60. The US dollar index was down 0.1%, making greenback-priced gold cheaper for overseas buyers. Safe-haven gold – typically strong in a low-interest-rate environment – has climbed nearly 43% so far this year, supported by geopolitical and economic uncertainty, sustained central bank purchases, and monetary policy easing. In other precious metals, spot silver fell 0.2% to $43.98 per ounce. Platinum gained 0.3% to $1,420.45 and palladium rose 0.9% to $1,189.84.— Ends/Khalid
