Gold Trades Near Historic $2,500 Mark on Fed Rate-Cut Optimism

GOLD - JAKARTA. Gold prices eased on Monday and hovered around key $2,500 level, as traders locked in profits following bullion's climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month.

Spot gold was down 0.3% to $2,501.03 per ounce, as of 0558 GMT, and U.S. gold futures edged 0.1% higher to $2,539.80.