LONDON - Agencies:
Gold prices rose on Monday to an all-time high, supported by a weaker dollar and expectations of a larger-than-expected rate cut by the US Federal Reserve this week.
Spot gold rose 0.4 percent to $2,585.54 an ounce after hitting an all-time high of $2,588.81 an ounce earlier in the session.
US gold futures rose 0.1 percent to $2,613.40 an ounce, and the dollar index fell 0.2 percent, making gold less expensive for holders of other currencies.
All eyes are on the US Federal Reserve this week, with speculation mounting about the extent of interest rate cuts at the bank's September 17-18 monetary policy meeting and the pace of future cuts.
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