London — Gold prices rose on Wednesday, aided by a weaker dollar ahead of a US Federal Reserve policy announcement at 6pm GMT that could signal whether it will raise interest rates for a third time this year. A threat by US President Donald Trump to "totally destroy" North Korea also helped to push the dollar lower while stimulating demand for gold, seen as a safe investment in times of uncertainty. A weaker dollar makes gold cheaper for holders of other currencies. Spot gold was up 0.3% at $1,315.27/oz by 10.06am GMT, having hit a two-and-a-half-week low on Monday at $1,304.10. US gold futures for December delivery were up 0.6% at $1,319. "The dollar is under pressure ahead of the Fed," said ABN Amro analyst Georgette Boele. "But I think it’s more to do with the comments from Mr Trump, which are affecting the dollar and indirectly gold as well." The Fed is expected to say that it will start to reduce its balance sheet, and investors will scour its forecasts and a news conference by...
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