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Gold Hovers Near Record High on Rate-Cut HopesSingapore, 8 Sep (ONA) — Gold held firm near a record high today, inching closer to a key $3,600 level, bolstered by mounting expectations of a US Federal Reserve rate cut this month following a weaker-than-expected jobs report last week. Spot gold settled at $3,586.81 per ounce, after hitting an all-time high of $3,599.89 on Friday. US gold futures for December delivery slipped 0.7% to $3,626.10. Among other precious metals, spot silver eased 0.3% to $40.84 per ounce, while platinum edged down 0.1% to $1,371.65 and palladium fell 0.2% to $1,107.70.— Ends/Khalid
