Doha: Gold and silver rose to record levels on Monday, benefiting from weak US labor data and a soft inflation reading, which strengthened bets that the Federal Reserve will cut interest rates next January. Spot gold climbed by about 1 percent, touching an all-time high of $4,384.50 per ounce, while US gold futures rose 0.7 percent to $4,416.30 per ounce. Spot silver jumped 3 percent to reach a record high of $69.14 per ounce.

According to Qatar News Agency, other precious metals also experienced significant gains. Platinum rose 2.6 percent to $2,028.34 per ounce, marking its highest level in more than 17 years. Meanwhile, palladium gained 3.8 percent to $1,772.74 per ounce, reaching its highest level in approximately three years.