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Gold scales record high as traders see further rate cuts
Business World Philippines
|September 24, 2025
Oil prices edge lower on concerns of oversupply
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GOLD rose nearly 2% to an all-time high on Monday, fueled by growing expectations of further US rate cuts and persistent safe-haven demand amid political uncertainty.
Investors are closely watching upcoming US Federal Reserve speeches and key inflation data for fresh policy signals.
Spot gold rose 1.7% to a fresh record high of $3,747.08 per ounce, as of 02:06 p.m. ET (1806 GMT). US gold futures for December delivery settled 1.9% higher at $3,775.10.
Russia’s defence ministry said its forces had taken control of the settlement of Kalynivske, in Ukraine’s Dnipropetrovsk region.
This story is from the September 24, 2025 edition of Business World Philippines.
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