Gold rises to almost two-week high
Metal is stronger as the dollar slips to multiyear lows on bets that US rates will stay lower for longer
01 September 2020 - 09:01
Bengaluru — Gold prices rose on Tuesday to their highest level in almost two weeks, as the dollar slipped to multiyear lows on bets that US interest rates would stay lower for a longer period after the Federal Reserve’s new policy framework.
Spot gold was up 0.7% at $1,983.77/oz by 12.41am GMT, after hitting its highest since August 19 at $1,984.97 earlier in the session. US gold futures rose 0.6% to $1,990...
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