Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September.
Spot gold rose 0.3% to $2,510.35 per ounce by 01:44 p.m. ET [1744 GMT], after hitting an all-time high of $2,531.60 earlier in the session.
U.S. gold futures settled 0.4% higher at $2,550.6.
The dollar index sank to a seven-month low, making gold more attractive for other currency holders, while benchmark U.S. 10-bond yields slipped.
Source : Reuters
