Gold prices reached a historic high, driven by expectations of a rate cut by the Federal Reserve, stimulating investor demand.

Gold hits a historical high, traders are not concerned about the cautious comments from Federal Reserve officials on the monetary policy outlook after last week's rate cut. During the Asian session on Tuesday, the price of gold slightly increased, reaching $3,749.27 per ounce, rising for two consecutive trading days and hitting a new all-time high. Investors are flocking to exchange-traded funds (ETFs), with their holdings increasing at the fastest pace in over three years last Friday.