Gold soared past $4,400 per ounce for the first time on Monday, driven by growing expectations of US rate cuts and strong demand for safe-haven assets. Silver also joined the rally, reaching an all-time high, Reuters reports.
Spot gold was up 1.4% at $4,397.16 per ounce as of 05:02 GMT, having briefly hit a record $4,400.29 earlier in the day. Spot silver climbed 3.3% to a historic $69.44. US gold futures for February delivery rose 0.98% to $4,430.30 per ounce.
Bullion has surged 67% this year, breaking multiple records and surpassing both $3,000 and $4,000 per-ounce levels for the...