Gold rallies to record high on softer dollar, rate-cut expectations
Aug 16 (Reuters) – Gold prices soared to an all-time high on Friday as the dollar weakened on growing expectations for an interest-rate cut from the Federal Reserve in September, and as tensions in the Middle East bolstered demand for bullion. Spot gold was up 1.5% to $2,493.66 per ounce by 12:19 p.m. EDT (1619…