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Gold $4,034.21 $(109.67) -2.65% Silver $54.78 $(3.39) -5.82% Platinum $1,570.71 $(61.48) -3.77% Palladium $1,056.95 $(35.84) -3.28%

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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