• +1 (312) 549-9986

Gold $4,490.53 $(165.67) -3.56% Silver $67.74 $(0.34) -0.51% Platinum $1,922.30 $(52.44) -2.66% Palladium $1,406.15 $(46.35) -3.19%

Gold hits one-week high on expectations of Fed rate cuts

Gold hits one-week high on expectations of Fed rate cuts

Nov 15 (Reuters) - Gold prices rose to a more than one-week high on Wednesday as the U.S. dollar and Treasury yields weakened after cooler inflation data boosted bets that a U.S rate cut might come sooner than earlier priced in by investors.

Spot gold rose 0.4% to $1,970.45 per ounce at 1224 GMT, after earlier touching its highest since Nov. 7. U.S. gold futures also gained 0.4% to $1,974.70...[LINK]

 
Leave your comment