The precious metal hit $3,759 (£2,782.36) on Tuesday morning, as the asset surged after a slight wobble following the US central bank’s decision to cut interest rates by 0.25 per cent last week. The decision was hailed “good news” for the gold market, as investors flocked to the asset in droves, due to lower interest rates generally driving investors into the precious metal. Analysts also believed the proposed cryptocurrency restrictions in countries including France and Italy, could also steer investors back towards gold as the volatile asset class becomes less welcome. London outlookElsewhere, the London market is bracing for the Autumn Budget’s impact on the precious metal, with analysts predicting it to cause a significant movement to the asset’s price. Whilst you can’t guarantee it, it’s hard to see the price going in any other direction at the moment.”