Gold prices hit an all-time high on monday as investors bet on continued interest rate cuts by the US Federal Reserve next year.
The precious metal reached $4,383.76 in early trading, driven by recent reports showing a slowdown in the US labour market and easing inflation, which could allow the central bank to loosen monetary policy further.
The level surpassed the previous peak of $4,381.52 recorded in October, highlighting strong demand for gold as a safe-haven asset amid expectations of further rate reductions.
