Gold pushes toward record as test of $2 200 looms on Fed outlook
Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying almost 5% last week, setting a nominal high on four successive days. Gains on Friday were supported by US data showing the jobless rate at a two-year high, which helped push the dollar and ten-year Treasury yields lower.