KONTAN.CO.ID - Gold prices climbed on Thursday to highest in more than 3 weeks as the U.S. dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start cutting interest rates as soon as next March. Spot gold was up 0.5% at $2,086.69 per ounce, as of 0406 GMT, hitting its highest since Dec. 4, when prices raced to a record high of $2,135.40. It looked set to mark its best year in three with a 14% gain. U.S. gold futures rose 0.2% to $2,096.50 per ounce.
Gold Rises to More Than 3-Week High as US Rate Cut Bets Firm
KONTAN.CO.ID - Gold prices climbed on Thursday to highest in more than 3 weeks as the U.S. dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start cutting interest rates as soon as next March. Spot gold was up 0.5% at $2,086.69 per ounce, as of 0406 GMT, hitting its highest since Dec. 4, when prices raced to a record high of $2,135.40. It looked set to mark its best year in three with a 14% gain. U.S. gold futures rose 0.2% to $2,096.50 per ounce.