Gold’s rally extended for the second straight day on Monday, reaching a new record high of $3,646 as growing confidence that the Federal Reserve (Fed) will reduce rates at the September meeting increased. Therefore, XAU/USD trades at $3,634, up by more than 1%.
Ondo (ONDO) price displays bullish potential, trading above $0.93 on Monday. Risk-on sentiment is gradually returning to the broader cryptocurrency market, backed by favorable regulations in the United States (US) and optimism that the Federal Reserve (Fed) could cut interest rates next week.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.