London — Gold rose towards one-year highs on Wednesday, boosted by tensions on the Korean peninsula and a lower dollar due to growing expectations that the US Federal Reserve will delay rate rises. Spot gold was little changed at $1,340.12 an ounce at 9.37am GMT, a gain of about 8% so far this quarter and more than 16% so far this year. It touched $1,344.21 an ounce on Tuesday, its highest since September 8. US gold futures were up 0.1% at $1,345.2 an ounce. "Rising geopolitical tensions, the hurricane hitting the US, and the looming debt ceiling are increasing demand for safe assets," said Danske Bank analyst Jens Pederson. "These extraordinary factors are also weakening the dollar from the point of view that the Fed may further postpone normalisation of monetary policy, which would be good news as it would keep a lid on US yields." Both US government bonds and gold are seen as risk-free by investors. Low US Treasury bond yields mean there is little opportunity cost in holding gold...

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