Gold Rises As Dollar Retreats From Two-Month High

Precious-Gold rose on Thursday, paring some of the losses incurred overnight, as the U.S. dollar dropped from a two-month high. The yellow metal hit a high of $1162.54 an ounce, while it currently trading at $1161.33, where it opened at $1156.41. Gold prices tumbled on Wednesday after the Federal Reserve hinted at a possible interest rate increase in December.

from Energy and Metal Commentaries http://ift.tt/1GLQHMJ