Gold rises to near 2-week high
Thursday, 9 October 2014
Gold climbed to its highest in nearly two weeks on Thursday as expectations of an early hike in US interest rates eased and the dollar lost traction after the release of minutes of the last Federal Reserve policy meeting. Spot gold rose to $1,227.40 an ounce early on Thursday, before paring some gains to trade up 0.4 per cent at $1,226.39 by 0620 GMT. The fourth straight day of gains took gold further away from a 15-month low of $1,183.46 hit on Monday. US gold futures jumped over 1.5 per cent to $1,227.80, also close to a two-week peak, while silver futures rose more than 2 per cent, according to Reuters.