Gold rises on US rate cut bets; silver hits 14-year high
Gold hit a more than four-month high on Monday, as increased bets for a U.S. Federal Reserve interest rate cut this month lifted bullion's allure, while silver rose above $40 per ounce for the first time in more than a decade.
By 0238 GMT, spot gold rose 0.7% to $3,470.69 per ounce, hitting its highest since April 23. U.S. gold futures for December delivery gained 0.8% to $3,543.70.
Spot silver rose 1.6% to $40.31 per ounce, the highest since September 2011.
Elsewhere, platinum gained 0.9% to $1,376.95 and palladium climbed 0.8% to $1,118.12. Reuters
Gold hit a more than four-month high on Monday, as increased bets for a U.S. Federal Reserve interest rate cut this month lifted bullion's allure, while silver rose above $40 per ounce for the first time in more than a decade.
By 0238 GMT, spot gold rose 0.7% to $3,470.69 per ounce, hitting its highest since April 23. U.S. gold futures for December delivery gained 0.8% to $3,543.70.
Spot silver rose 1.6% to $40.31 per ounce, the highest since September 2011.
Elsewhere, platinum gained 0.9% to $1,376.95 and palladium climbed 0.8% to $1,118.12. Reuters
Gold hit a more than four-month high on Monday, as increased bets for a U.S. Federal Reserve interest rate cut this month lifted bullion's allure, while silver rose above $40 per ounce for the first time in more than a decade.
By 0238 GMT, spot gold rose 0.7% to $3,470.69 per ounce, hitting its highest since April 23. U.S. gold futures for December delivery gained 0.8% to $3,543.70.
Spot silver rose 1.6% to $40.31 per ounce, the highest since September 2011.
Elsewhere, platinum gained 0.9% to $1,376.95 and palladium climbed 0.8% to $1,118.12. Reuters
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Gold rises on US rate cut bets; silver hits 14-year high
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