Gold pauses after hitting all-time highs above $2,500

Gold eased on Monday after powering to an all-time high above the important $2,500 per ounce level in the last session on strong safe-haven demand and expectations of an imminent U.S. rate cut as investors seek more cues on the quantum of cuts.

Spot gold was down 0.4% at $2,496.46 per ounce, as of 1011 GMT, just about $13 shy of the record high of $2,509.65 hit on Friday. U.S. gold futures edged 0.1% lower to $2,534.80.