Summary: Gold prices rose to a more than four-month high on Monday, reaching US$3,457.16 per ounce, as increased expectations of a US Federal Reserve interest rate cut this month boosted bullion’s appeal. Traders are pricing in an 87% chance of a 25 basis point rate cut later this month.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-climbs-more-four-month-high-us-rate-cut-bets