Gold prices hit a record high on Monday, driven by optimism for a US interest rate cut.

Gold prices hit a record high on Monday, driven by optimism for a US interest rate cut as inflation slows. Spot gold reached $2,436.76 per ounce, with silver also scaling a more than 11-year peak. The Federal Reserve's potential rate cut is expected to support gold prices, as it boosts demand for haven assets.

May 20, 2024
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