Spot gold was up 0.1% at $1,294.57 an ounce at 4pm, while US gold futures for December delivery were down 90 cents an ounce at $1,294.00. Spot gold was up 0.1% at $1,294.57 an ounce at 4pm, while US gold futures for December delivery were down 90 cents an ounce at $1,294.00. Gold reached a six-week high on Monday as the dollar hit its lowest since late September, but fell short of the $1,300 an ounce level. “When you have a period of low volatility, it’s actually quite difficult to break out of that,” Oxford Economics analyst Daniel Smith said. While another rate increase is expected next month, fears for more aggressive hikes have receded.

Source: Mint November 29, 2017 10:52 UTC