Gold Rises on Falling Yields, Focus Shifts to Fed Meeting

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Gold prices rose on Friday supported by a decline in US Treasury yields. However prospects for further rate hike from the Federal Reserve and a buoyant dollar limited gains. 

Spot gold rose 0,5% to US$ 1.727,09 per ounce by 1215 GMT. Prices on Thursday fell to their lowest level in more than a year at US$ 1.680,25 before ending 1,3% higher.