Gold Climbs 2nd Day as Investors Temper US Interest Rate Bets

Published: 18th August 2015 05:49 PM  |   Last Updated: 18th August 2015 05:50 PM   |  A+A-


LONDON: Gold today climbed for the second day on speculation the Federal Reserve may delay raising interest rates.

Gold increased 0.2 per cent to USD 1,120.03 an ounce. The metal is up 2.2 per cent in August, set for the first monthly gain since May.

Silver, however, retreated 0.8 per cent to USD 15.22 an ounce.

Economic data on Monday showed the Fed Bank of New York’s Empire State factory index plunged to minus 14.9 in August, the lowest level since April 2009.


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