Gold trades near record highs on US rate cut bets; silver at 14-year high

Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05   The US dollar was trading near its lowest since July 28 against rivals, making greenback-priced bullion cheaper for overseas buyers. Gold hit a more than four-month high on Monday to…