Gold prices rose to a two-week high on Wednesday as the dollar slipped, with uncertainty on the pace of interest rate hikes by the US Federal Reserve also supporting the metal.
Spot gold rose 0.5 percent to $1,226.61 having hit its highest since November 7 at $1,230.07 in light trading ahead of the Thanksgiving holiday.
US gold futures settled up $6.80, or 0.6 percent, at $1,228. The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of rate hikes. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
Spot gold rose 0.5 percent to $1,226.61 having hit its highest since November 7 at $1,230.07 in light trading ahead of the Thanksgiving holiday.
US gold futures settled up $6.80, or 0.6 percent, at $1,228. The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of rate hikes. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
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