Breaking: Gold Price surges to the all time-high above $2,130 on weaker US, Fed rate cut bet

Gold prices (XAU/USD) climbs to the all time-high above $2,100 psychological round mark during the early Asian session on Monday. The speculation that the Federal Reserve (Fed) has reached its peak of rate hike cycle boosts the yellow metal demand.

Market reaction

At the time of writing, gold price (XAU/USD) is trading around $2,135, up 2.90% on the day.