Gold prices have surged to an all-time high, boosted by a fall in the US dollar as traders ratchet up their bets that the Federal Reserve will cut interest rates next year.
The haven asset rallied as much as 2 per cent to $2,111 per troy ounce on Monday, a fresh all-time high, before slipping to $2,064 per troy ounce, according to Refinitiv data.
Bullion’s latest ascent has been driven by a 3.2 per cent fall for the dollar against a basket of six other currencies since the start of November — slightly above its lowest level in four months — as investor confidence has grown that the Fed will lower borrowing costs early next year.
您已阅读25%（634字），剩余75%（1899字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。