Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.

Abu Dhabi launches $2 billion 'Global Water Platform'
Ford to offer its first eyes-off driver-assistance system in 2028
Parkin to manage smart parking at select Spinneys, Waitrose stores
Meraas unveils expanded residential masterplan for Dubai Design District
UAE takes over presidency of MENA financial action task force
