Gold climbs to more than five-year peak
Signs of US Federal Reserve interest rate cuts later in 2019 boosts gold 1.8%
20 June 2019 - 07:58
Bengaluru — Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the US Federal Reserve signalled possible interest rate cuts later in 2019, sending the dollar and US Treasury yields lower.
Spot gold was up 1.4% at $1,378.45/oz as of 4.47am GMT, after hitting its highest since March 17 2014 at $1,383.81/oz...
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