GOLD PRICES SOAR PAST 3,600 TO HIT NEW RECORD HIGH Gold prices have hit a new record high, crossing the 3,600 mark on Monday. The surge comes after weak job data from the United States, which has fueled expectations of an interest rate cut by the US Federal Reserve. Spot gold rose 0.7% to 3,612.2 per ounce earlier today and even touched a new peak of 3,616.64 during trading hours. Gold futures remain stable at 3,653 The yellow metal has gained a whopping 37% this year, adding to a 27% gain in 2024. The rally is fueled by a weaker dollar, aggressive central bank buying, and geopolitical and economic uncertainty. US gold futures for December delivery remained stable at 3,653.1 amid these developments. Full article: https://www.newsbytesapp.com/news/business/gold-prices-reach-record-high-amid-us-fed-rate-cut-speculations/story(FXHedge)