LONDON - (Saba): Gold prices climbed to an all-time high today, buoyed by a weaker dollar and expectations of a larger-than-expected rate cut by the U.S. central bank this week.
Reuters reported that the price of gold rose in spot transactions 0.4 percent to $ 2585.54 an ounce and U.S. gold futures increased 0.1 percent to $ 2613.40 an ounce.
Among other precious metals, spot silver rose one percent to $30.95 an ounce, its highest level in two months, platinum rose 0.5 percent to $1,000.35 an ounce and palladium rose 0.1 percent to $1,069.52 an ounce.
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