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Day: September 25, 2024

Gold Jumps to Record High on Rate Bets, Weaker US Dollar

Gold scaled another high today, boosted by a softer US dollar and hopes of more interest rate cuts.

Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.

US gold futures gained 0.3% to $2,686.10. The dollar …

Gold Jumps to Record High on Rate Bets, Weaker US Dollar

Gold scaled another high today, boosted by a softer US dollar and hopes of more interest rate cuts.

Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.

US gold futures gained 0.3% to $2,686.10. The dollar …