Gold Touches Record High on Rate-Cut Bets, Weaker US Dollar

GOLD - JAKARTA. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory.

Spot gold was flat at $2,653.13 per ounce, as of 0723 GMT, after hitting an all-time high of $2,670.43 earlier.