The Financial Post reports in its Tuesday edition that gold reached a record high above $3,682 an ounce as traders anticipated an easing of U.S. Federal Reserve monetary policy. A Bloomberg dispatch to the Post says investors expect a quarter-point interest rate cut this week due to signs of labour market weakness, with more trims likely before year-end. This outlook has driven Treasury yields down and weakened the greenback, making gold more attractive. The main question for investors is whether the Fed will challenge these expectations. ANZ Group's Daniel Hynes and Soni Kumari said in a note, "Macroeconomic numbers are likely to take over from tariff-related headlines." President Donald Trump's unprecedented pressure on the Fed -- including his attempt to oust governor Lisa Cook -- is the latest catalyst, which Goldman Sachs sees potentially driving gold to near $5,000 an ounce if just 1 per cent of the privately owned U.S. Treasury market were to flow into bullion. Gold edged higher to $3,680.48 an ounce as of 12:18 p.m. Monday in New York. Bloomberg Dollar Spot Index slipped 0.3 per cent. Silver and platinum rose, while palladium fell. Copper rose 1 per cent on the London Metal Exchange to $10,171 (U.S.) a tonne.