Gold at a two-week high on weak US data
Metal holds above $1,500/oz as palladium hits new high
25 October 2019 - 08:30
Gold rose to a two-week high on Friday, holding above the $1,500/oz psychological level, as weak US economic data spurred expectations for another interest rate cut by the Federal Reserve later in October, while palladium scaled a fresh peak.
Spot gold hit its highest since October 10 at $1,504.35/oz, but was down slightly by 3.12am GMT, at $1,501.70/oz. The metal has gained 0.8% this week, heading for its biggest weekly gain since the week ended August 20. US gold futures were flat at $1,505/oz...
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