Gold prices rose on Monday, surpassing $3,800 per ounce for the first time, supported by a weaker dollar and growing expectations that the Federal Reserve (the US central bank) is likely to continue cutting interest rates later this year.
Spot gold jumped 1.1 percent to $3,801.88 per ounce, while US gold futures for December delivery increased 0.6 percent to $3,831.90. As for other precious metals, silver rose 2.4 percent in spot trading to $47.08 per ounce, platinum gained 3.4 percent to $1,622.04, and palladium advanced 2.2 percent to $1,297.67 per ounce.
