The highest price of gold is $2,750...U.S. dollar up 4% this month

Gold prices hit another high and the U.S. dollar continues to strengthen.

According to Bloomberg and Reuters, international gold prices today hit $2,750.9, a dollar higher than the previous day.

Expectations for a U.S. rate cut have weakened, but gold prices have remained strong as demand for safe assets has increased.

Standard Chartered Bank expects gold prices to average $2,800 an ounce in the fourth quarter and rise to an average of $2,900 in the first quarter of next year.

The U.S. dollar is up about 4% against other currencies this month.

The dollar index, which represents the value of the dollar against six major currencies, including the euro and yen, hit 104.17, its highest since August 2.

The yen's exchange rate against the dollar was 152.28 yen, exceeding 150 yen, the lowest in three months.