Gold hits record high on rising hopes for Fed rate cut in June – ET Retail
Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve‘s June interest rate cut. FUNDAMENTALSSpot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session. U.S. gold futures…