Gold rises on US rate cut bets; silver hits 14-year high


Gold hit a more than four-month high on Monday, as increased bets for a U.S. Federal Reserve interest rate cut this month lifted bullion's allure, while silver rose above $40 per ounce for the first time in more than a decade.

By 0238 GMT, spot gold rose 0.7% to $3,470.69 per ounce, hitting its highest since April 23. U.S. gold futures for December delivery gained 0.8% to $3,543.70.

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Gold , Federal Reserve , interest rate , silver

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