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Gold prices rose to an all-time high on Monday, supported by a weaker dollar and expectations of a bigger-than-expected interest rate cut by the Federal Reserve this week.
Spot gold was up 0.4 percent at $2,585.54 an ounce by 0338 GMT, after hitting an all-time high of $2,588.81 earlier in the session.
U.S. gold futures rose 0.1 percent to $2,613.40 an ounce.
The dollar index fell 0.2 percent, making gold less expensive for holders of other currencies.
All eyes are on the Fed this week, with speculation mounting about the extent of interest rate cuts at its September 17-18 policy meeting and the pace of future cuts. The Bank of England and the Bank of Japan are also set to announce their monetary policy decisions later this week.
Among other precious metals, spot silver rose 1 percent to $30.95 an ounce, its highest in two months. Platinum rose 0.5 percent to $1,000.35 an ounce. Palladium rose 0.1 percent to $1,069.52 an ounce.
