Abu dhabi: Gold rose to a two-week high Wednesday on technical buying as investors awaited the US Federal Reserve meeting next week for clues on the interest rate outlook.
According to Emirates News Agency, spot gold climbed 1.3 percent to $4,129.43 per ounce by 0511 GMT, having hit its highest level since 7th July earlier in the day. US gold futures for August delivery jumped 1.4 percent to $4,134.50.
Among other metals, spot silver was up 1.6 percent at $59.71 per ounce after reaching its highest point since 10th July earlier in the day. Platinum climbed 1.9 percent to $1,659.97, and palladium rose 2.2 percent to $1,310.50.
