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Gold $3,347.48 $(24.14) -0.72% Silver $36.04 $(0.37) -1.02% Platinum $1,278.41 $(19.3) -1.49% Palladium $1,048.25 $1.45 0.14%

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]

 
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