Gold Hits Record High Amid Continued Interest Rate Cut Expectations

Gold prices soared to a record high on Tuesday, boosted by growing expectations of continued U.S. interest rate cuts and a slight dip in the dollar.

In spot transactions, gold prices rose 0.2 percent to $3752.43 per ounce, at 01:23 GMT, after reaching an all-time high of $3758.03 earlier in the session.

U.S. gold futures for December delivery rose 0.3 percent to $3787.60.

The dollar index fell by 0.1 percent, making dollar-priced gold cheaper for foreign buyers.

Other precious metals saw mixed movements, with silver slipping 0.2 percent in spot transactions to $43.98 per ounce, hovering near its 14-year high. Meanwhile, platinum grew by 0.3 percent to $1420.45, and palladium surged 0.9 percent to $1189.84.