Gold prices continue to hit new highs, with gold futures rising to $3,731.9 per ounce
ChainCatcher news, according to Golden Ten Data, in the early European trading session, gold mining stocks in the UK, US, and South Africa generally rose, as gold futures closed at a record high on Monday and continued to reach a new high of $3,731.9 per ounce in early trading on Tuesday. Market observers are closely watching the Federal Reserve's interest rate decision this week, with a general expectation of a rate cut. IG Group analyst Chris Beaucham pointed out that a rate cut would be a bullish factor for gold, as it would suppress the US dollar, making it cheaper for investors holding other currencies to buy gold.
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