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Gold $4,636.37 $14.34 0.31% Silver $75.77 $1.98 2.68% Platinum $1,997.75 $10.8 0.54% Palladium $1,527.60 $(5.89) -0.38%

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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