Gold Hits Record on Fed Cut Outlook and Geopolitical Tension – Bloomberg

Gold rose to a record as indications the Federal Reserve is getting closer to cutting interest rates added impetus to

a rally that’s also been driven by geopolitical tensions and robust Chinese demand.Bullion jumped to as much as $2,265.73 an ounce on Monday, up 1.6% from Thursday’s close, after setting a series of peaks in recent sessions.