Gold Hovers near Record High on Rate-Cut BetsSingapore, 29 Sep (ONA) —Gold prices rose today to hover near an all-time high, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year. Spot gold was up 0.5% at $3,776.72 per ounce. Bullion hit a record of $3,790.82 last week. US gold futures for December delivery were steady at $3,806.20. Elsewhere, spot silver rose 0.6% to $46.26 per ounce, platinum climbed 2.2% to $1,602.45 and palladium gained 0.8% at $1,279.68. — Ends/AH
