Gold hits near 2-week peak on softer dollar; focus on Fed meeting

Gold hits near 2-week peak on softer dollar; focus on Fed meeting



An employee arranges one kilogram gold bars at the Perth Mint Refinery in Perth, Australia, on Aug. 9, 2018.Carla Gottgens | Bloomberg | Getty ImagesGold hit a near two-week high on Tuesday as the dollar weakened and investors turned their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of how it planned to hold down rates while aiming to boost inflation.Spot gold was up 0.5% at $1,966.47 per ounce by 0512 GMT, after hitting $1,967.46 earlier, its highest level since September 2. U.S. gold futures climbed 0.7% to $1,976.90.”Gold looks firm mainly because of a… #Gold #hits #2week #peak #softer #dollar #focus #Fed #meeting