Gold hit a fresh three-week high on Thursday, after jumping 1.5 percent overnight, helped by a weaker dollar and diminishing expectations of an early interest rate hike by the U.S. Federal Reserve.
The safe haven asset has risen by about 1.5 percent this week so far, boosted by disappointing U.S. non-farm payroll data and Fed chair Janet Yellen 's cautious comments on Monday.
Spot gold was nearly flat at $1,262 an ounce by 0651 GMT, having hit a high of $1,266.01 earlier in the session, its best since May 18. U.S. gold rose 0.2 percent to $1,264.90
0 comments:
Post a Comment