Gold miners in the UK, US and South Africa rallied in early European trading as gold futures closed at a record high on Monday and continued to hit a new high of $3,731.9 an ounce on Tuesday morning. Market watchers are closely watching the Federal Reserve's interest rate decision this week and are widely expected to implement a rate cut.
IG Group analyst Chris Beaucham pointed out that interest rate cuts will be a positive factor for gold, as they will suppress the trend of the dollar and make it cheaper for investors holding other currencies to buy gold.
Gold prices continue to hit new highs, with gold futures rising to $3,731.9 an ounce
2025-09-16 08:10:13
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