Category: Economy
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Gold hits all-time high, propelled by US rate-cut hopes, safe-haven appeal
Spot gold soared to a record high of $4,383.73 per ounce on Monday, fueled by expectations of additional U.S. Federal Reserve interest rate cuts following last week’s quarter-point reduction. Continued safe-haven demand and a weaker dollar also contributed to the surge. Gold, traditionally seen as a safe-haven asset, has climbed 67% this year. The rally