Bengaluru — Gold prices rose on Thursday as the growing expectation that the US Federal Reserve will pause its rate tightening cycle in 2019 and an impasse between US President Donald Trump and Democrats on funding for a border wall weighed on the dollar. Spot gold was up 0.2% at $1,295.85/oz as of 4.36am GMT, hovering near Friday’s peak of $1,298.42 — a level last seen in mid-June. US gold futures gained 0.4% to $1,297.2/oz. Minutes from the Fed’s December 18-19 policy meeting showed that several policymakers said they could be patient about future interest rate hikes and a few did not support the central bank's rate increase that month. “Gold is getting a bit of support out of a dovish Fed and institutional instability in the US,” said Kyle Rodda, a market analyst at IG, Australia. “We have got the markets pricing in the possibility of a Fed rate cut rather than a hike in the year ahead,” Rodda said, adding that the Fed minutes gave the dollar a bit of a “kick down” and there were...
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