• Gold on course for best weekly gains in 2 months as US Fed shows no sign of changing its loose monetary policy

    1 month ago - By RT

    Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors' optimism about commodity markets.
    Spot gold was up 0.1% at $1,829.10 per ounce at 09:17 GMT, before dropping back to $1,827.74 an ounce. On Thursday, the precious metal reached the highest price since July 15, at $1,832.40. Meanwhile, US gold futures eased 0.16% to $1,832.80.
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