Gold prices continue to hit new highs, with gold futures rising to $3,731.9 per ounce

ChainCatcher news, according to Jinshi reports, during the early European trading session, gold mining stocks in the UK, US, and South Africa generally rose, as gold futures closed at a historic high on Monday and continued to reach a new high of $3,731.9 per ounce in the early session on Tuesday. Market observers are closely watching the Federal Reserve's interest rate decision this week, with widespread expectations of a rate cut. IG Group analyst Chris Beaucham pointed out that a rate cut will be a favorable factor for gold, as it will suppress the dollar's movement, making it cheaper for investors holding other currencies to buy gold.