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Gold $4,045.60 $(2.52) -0.06% Silver $57.92 $0.3 0.52% Platinum $1,580.20 $(13.42) -0.84% Palladium $1,244.02 $(9.5) -0.76%

Gold near two-week high as US Treasury yields drop on dovish Fed tone

Gold near two-week high as US Treasury yields drop on dovish Fed tone

Oct 11 (Reuters) - Gold prices rose to a near two-week high on Wednesday, as U.S. Treasury yields extended their retreat after dovish comments from Federal Reserve officials indicated that interest rates may have peaked.

Spot gold was up 0.6% at $1,871.90 per ounce by 1132 GMT, its highest level since Sept. 29. U.S. gold futures rose 0.6% to $1,886.30...[LINK]

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