Spot-gold topped $2,500 an ounce for the first time, bolstered by hopes that the Federal Reserve is edging closer to cutting interest ratesBullion for delivery immediately hit $2,500 an ounce Friday, exceeding the previous record reached last month, as a disappointing reading on the US housing market reinforced expectations of fast and deeper cuts by the us central bank.Lower rates are generally positive for gold as it pays no interest.
