
Gold prices surged to a record high on Monday as investors grew increasingly confident that the US Federal Reserve will continue cutting interest rates into next year.
The precious metal climbed to an intraday peak of $4,383.76, driven by fresh economic data pointing to a cooling US labour market and easing inflation. The figures have strengthened expectations that the central bank has more room to loosen monetary policy.
The latest rally pushed gold past its previous record of $4,381.52, set in October, underscoring strong investor demand for the safe-haven asset amid shifting rate outlooks.