Gold Hits More Than Two-Week High as Dollar and Yields Fall
Spot gold rose 1.9% to $4,134.82 an ounce on Thursday, extending its post-US midterm election rally. The dollar and Treasury yields weakened, while oil's sharp drop in the previous session eased inflation concerns.
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 in the previous session eased inflation concerns.Spot gold TVC:GOLD gained 1.9% to $4,134.82 per ounce by…