London — Gold prices hit a two-week high on Tuesday as the dollar fell on the fading prospect of an imminent increase in US interest rates and the expectation of stronger demand from the physical market. Spot gold was up 0.2% at $1,236.10/oz at 11.34am GMT, having touched $1,238.76, its highest level since July 3. US gold futures also rose 0.2%, to $1,236.10. The dollar sank to a 10-month low against a basket of currencies, making dollar-denominated metals cheaper for holders of other currencies, which could boost demand.
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