TeleTrade - Analytics

    TeleTrade

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    19.11.2015 06:19 Gold climbed amid a weaker dollar

    Gold advanced to $1,076.10 ( 0.69%) as the dollar slid making the metal more affordable for buyers using other currencies.

    The minutes of the latest Fed meeting signaled that the central bank left a rate hike in December on the table. Some analysts say that the start of the interest rate normalization in the U.S. will result in a relative weakness of the dollar as the cost of doing business will also grow persuading investors to search for alternatives and gold's appeal as a safe-haven from inflation will improve.


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