Gold jumps to new record on Monday

Spot gold hit a record $4,383.73 per ounce on Monday, driven by expectations of further US Federal Reserve rate cuts, strong safe-haven demand, and a weaker dollar.

The precious metal has surged 67 per cent this year amid geopolitical tensions, robust central bank buying, and hopes of lower interest rates in 2026, with investors currently pricing in two cuts next year.

Attribution: Reuters