Gold Hits More Than Two-Week High as Dollar, Yields and Oil Fall
Spot gold gained 1.7% to $4,130.27 an ounce by 0918 GMT on Thursday, extending its post-US midterm rally. The dollar and Treasury yields weakened, while oil prices fell sharply.
By Sherin SansGold prices extended their post-US midterm election rally to a more than two-week high on Thursday, as the US dollar and Treasury yields weakened, while a sharp drop in oil prices eased inflation concerns.Spot gold TVC:GOLD gained 1.7% to $4,130.27 per ounce by 0918 GMT after hitting…