Gold price hits record high! Yellow metal jumps to $4,383.76 in early trade — What's driving the rally?

Gold price hits record high! Yellow metal jumps to $4,383.76 in early trade — What’s driving the rally?

Gold prices on Monday hit record high on expectations of more interest rate cuts by the US Fed and the yellow metal’s status as the steady safe-haven amid weak dollar.Spot gold surged to $4,383.73 after fresh US economic data signalled continued weakness in the labour market, while easing inflation strengthened expectations of further monetary easing…

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