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Gold jumps as dollar sinks on weak US data, Fed minutes

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By Shoaib Ur RehmanReuters

NEW YORK/LONDON: Gold prices rose on Wednesday as the dollar fell on technical factors and weak US economic data, and gold jumped more after the US Federal Reserve released minutes of its latest meeting, hinting at an interest rate increase in the near future.

Gold's gains accelerated after the Fed minutes, as the dollar fell to a two-month low versus the Japanese yen, a one-month low against the Swiss franc and its lowest since Oct. 20 against a basket of currencies.

 

Copyright Reuters, 2017
 

 

 

 

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