New Delhi, Sept. 2 -- Gold prices surged to an all-time high on Tuesday, extending gains to the sixth consecutive session amid a softer dollar and growing expectations of a US interest rate cut later this month.

Spot gold rose 0.5 per cent to $3,492.26 per ounce as of 0157 GMT, after briefly touching a record $3,508.50. Meanwhile, US gold futures for December delivery climbed 1.4 per cent to $3,563.40.

The recent rally in precious metals reflects investor caution amid a weakening economic backdrop and anticipation of policy easing by the Federal Reserve. Concerns over the independence of the US central bank have also weighed on confidence in dollar-denominated assets. President Donald Trump has repeatedly criticised the Fed and its chai...