Gold hits near 2-week high on softer dollar; focus on Fed meeting

SourceGulf Today
SectorOil & Gas
CountryGCC

Picture used for illustrative purpose. File Gold hit a near two-week high on Tuesday as the dollar weakened and investors turned their focus to a US Federal Reserve monetary policy meeting, seeking details of how it planned to hold down rates while aiming to boost inflation. Spot gold was up 0.4% at $1,963.22 per ounce by 0643 GMT, after hitting $1,968.80 earlier, its highest level since Sept. 2. US gold futures climbed 0.5% to $1,973. "Gold looks firm ...read more...