Gold and silver are at record levels with the decline of the dollar and expectations of a rate cut

Gold prices jumped to the highest level in 6 weeks, today, Monday, driven by expectations of a reduction in US interest rates this month, while silver touched a new record level.

The price of gold rose in Silver2.2% to $57.63 an ounce, after hitting an all-time high of $57.86 earlier in the session.

Among other precious metals, platinum rose 1.6% to $1,698.85, and palladium rose 1.7% to $1,475.02.

Meanwhile, the US dollar index fell. to its lowest level in two weeks, making dollar-denominated bullion less expensive for holders of other currencies.

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