London — Gold prices rose on Wednesday as weaker-than-expected US data pushed the dollar lower before the release of minutes from the latest US Federal Reserve meeting that could hint at the pace of future interest rate rises. The minutes, to be published at 7pm GMT, come after outgoing Fed Chair Janet Yellen said rates should rise gradually but warned she was "very uncertain" that inflation would soon rebound, suggesting a cautious approach to rate increases. Already down on the day, the dollar weakened further after data showed new orders for key US-made capital goods unexpectedly declined in October. US bond yields also fell Gold is sensitive to rising rates because they tend to boost the dollar, making gold more expensive for holders of other currencies, and push up bond yields, reducing the appeal of non-yielding gold. Spot gold was up 0.7% at $1,289.85 an ounce at 3.36pm GMT, while US gold futures for December delivery were 0.6% higher at $1,289.40 an ounce. Gold has benefited...
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