Gabelli Funds Portfolio Manager Caesar Bryan in CNBC

Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations

Gold prices scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset.

Spot gold added 0.3% to trade at $2,240.04 per ounce. U.S. gold futures rose 0.8% to settle at $2,257.10 per ounce. The metal hit a high of $2,286.4.