Key Points
(Reuters) Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, Chinas stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak...
Spot gold rose 0.4% to $2,424.30 per ounce as of 1529 GMT after hitting a record high of $2,449.89 earlier in the session..
U.S. gold futures gained 0.5% to $2,428.50...
Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut...
Adding to golds upside was elevated risk aversion as Iranian President Ebrahim Raisi, was killed in a helicopter crash, analysts at Kitco Metals wrote in a note...
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