Gold prices stabilized on Monday after reaching a six-week high amid an early wave of risk aversion in the markets, with investors focused on the possibility of a U.S. interest rate cut later this month.
Spot gold rose by 0.1% to $4,235.59 per ounce by 06:45 GMT, having hit the highest level since October 21. U.S. gold futures for December delivery increased by 0.3% to $4,269.40 per ounce.
Silver reached a record high, climbing 1.1% to $56.99 per ounce, after earlier hitting an all-time peak of $57.86.
The dollar fell to its lowest level in two weeks, making gold priced in dollars less expensive for holders of other currencies.
In other precious metals, platinum increased by 1.3% to $1,694.18, while palladium rose by 1.4% to $1,471.94.
