Commodities

Gold Retreats After Hitting Record High, Settles Sharply Lower

Gold prices tumbled on Monday after registering a record high in Asian trading, as the dollar climbed higher despite easing concerns about the outlook for interest rates.

Gold prices rallied to an all-time high of $2,151.20 earlier, buoyed by hopes the Federal Reserve will cut rates sooner than expected.

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by RTTNews Staff Writer

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