Gold prices climbed to a record high
on Monday after U.S. economic data last week cemented bets that
the Federal Reserve could cut interest rates twice this year. .
China kept its benchmark lending rates unchanged at today's monthly fixing, aligning with market expectations. One-year Loan Prime Rate remained at 3.45%, while Five-year LPR stayed at 3.95%. This decision follows the People's Bank of China's move last week to maintain a key policy rate at 2.50% while rolling over maturing medium-term lending facilities.