On Monday, gold prices reached an all-time high.

Gold prices reached an all-time high on Monday due to a slowing US inflation trend, which raised expectations of an impending interest rate cut by the Federal Reserve. Spot gold was up 0.9% at $2,436.76 per ounce and hit a record high of $2,440.49 earlier in the session. Additionally, spot silver rose 2.5% to $32.28 after hitting an over 11-year high. Platinum also rose 0.7% to $1,088.75 after hitting its highest level since May 12, 2023, while palladium dropped 0.5% to $1,013.56.