Gold climbs to another record with Fed rate cut expected in days

Gold rose to a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.4% to a high of $2 589.03/oz, extending last week’s 3.2% gain, ahead of the Fed’s September 17 to 18 meeting that’s widely expected to result in a rate cut of at least 25 basis points.