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Gold Hits a Two-week High as Dollar Drops

Economy

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Singapore, November 05 (QNA) - Gold prices climbed nearly 2% to a two-week high on Thursday, supported by a weaker US dollar and lower US Treasury yields.

Spot gold rose 1.9% to $4,134.83 per ounce, hitting its highest since October 22.

Bullion climbed about 3.4% on Wednesday, its biggest daily gain since August 19.

Among other metals, spot silver rose 1.7% to $53.12 per ounce, platinum gained 2.1% to $1,527.65 and palladium climbed 2.6% to $1,030.14. (QNA)

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