PRECIOUS-Gold vaults past $3,800/oz to record high as rate-cut hopes add luster
ReutersSep 29, 2025 6:14 AM
Sept 29 (Reuters) - Gold surged above $3,800 an ounce for the first time on Monday, driven by investor demand amid growing expectations of further interest rate cuts by the U.S. Federal Reserve this year, while a weaker dollar lent additional support to the precious metal.
Spot gold XAU= gained 1.1% to $3,800.09 per ounce by 0432 GMT, while U.S. gold futures GCcv1 for December delivery gained 0.6% to $3,830.
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