Gold hits record high as traders bet on US rate cuts, eye Powell's signal


- Chalinee Thirasupa/Bloomberg

GOLD prices steadied on Tuesday after reaching a record high, underpinned by expectations of more U.S. rate cuts and a weaker dollar, as investors awaited Federal Reserve Chair Jerome Powell's speech for further policy cues.

Spot gold held its ground at $3,743.39 per ounce as of 0238 GMT, after hitting a record high of $3,759.02 earlier in the session.

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