The most actively traded gold contract, for December delivery, on Thursday rose $US11.60, or 0.7 per cent, to settle at $US1,705.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest settlement price since March 9
Gold prices have advanced since mid-August, as expectations for monetary easing through much of the world increased investor demand for the precious metal. Many investors expect the Federal Reserve to ease monetary policy at its meeting next week, on September 12-13.
So Go Gold ..
RNS Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held