Gold prices hit a new intraday high early Monday, extending a rally fueled by bets that the Federal Reserve is finished raising interest rates for the current cycle.
The most active gold futures reached $2,152.30 per troy ounce during Asian trading hours, according to FactSet data.
They then pared their gains and recently traded 0.2% lower at $2,086.
The precious metal hit an all-time high on Friday, with the most actively traded contracts ending at $2,089.70 per troy ounce.
