• +1 (312) 549-9986

Gold $4,719.41 $0.63 0.01% Silver $76.81 $0.18 0.23% Platinum $2,033.45 $6.37 0.31% Palladium $1,542.15 $(0.6) -0.04%

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