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2015-08-20

Gold Climbs to its Highest in Nearly Five Weeks

Gold rose to its highest in nearly five weeks on Thursday after minutes from the Federal Reserve's policy meeting last month signalled that a hike in U.S. interest rates in September may be unlikely.

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Spot gold rose as far as $1,141.75 an ounce, its loftiest since July 17, and was up 0.4 percent at $1,138.50 by 0619 GMT.

U.S. gold for December delivery was up nearly 1 percent at $1,138.20 an ounce, after peaking at $1,141.80 earlier.

Spot gold has now recovered nearly 6 percent from a 5-1/2-year low of $1,077 reached in a late July rout.

 

(Reuters)

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