Gold Soars To Seven-Week High
Gold has climbed to a seven-week high bolstered by a weaker dollar and continuing expectations the Fed won’t hike interest rates in 2015.
“Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer’s weekend comments,” said Ric Spooner, chief analyst at CMC Markets.
The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since