Gold rose on Monday and lingered near record-high levels, as bullish market sentiment after the U.S. Federal Reserve cut interest rates last week combined with geopolitical tensions drove prices despite a stronger dollar. Spot gold gained 0.2% to $2,626.62 per ounce by 9:35 a.m. ET (1335 GMT), after hitting an all-time high of $2,631.31 earlier in the session. Global physically backed gold exchange-traded funds (ETFs) saw modest net inflows of 3 metric tons last week, according to the World Gold Council.