Gold rises on Fed rate cut hopes, Middle East tensions

Bullion At Gold Investments Ltd. As Gold Holds Ground Near Record

GOLD prices firmed on Monday, as expectations that the U.S. Federal Reserve would start cutting interest rates later in the year and tensions in the Middle East lifted bullion's appeal.

Spot gold rose 0.6% to $2,314.31 per ounce by 0636 GMT. U.S. gold futures was up 0.6% to $2,322.20.