Spot price increases to $2,528.53, with record run meaning standard gold bar is worth more than $1m
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Gold prices have hit a fresh high as increasing hopes of US interest rate cuts from the Federal Reserve prompted investors to buy more of the precious metal.
The spot price of gold rose to a record $2,528.53 (£1,942.85) an ounce on Tuesday, up almost 1% on the day.
