Gold Trades Near 3½-Month High On Speculations Fed To Delay Rate Hike

Precious-Gold traded near its highest level in more than three months on Thursday on increasing bets the Fed would delay its interest rate increase after dismal U.S. inflation and retail sales data. The yellow metal hit a high of $1187.01 an ounce, while it currently trading at $1185.22, where it opened at $1183.80. Economic reports from the U.S. released on Wednesday showed a drop in producer prices to an eight-month low in September, while retail sales rose less than forecast.

from Energy and Metal Commentaries http://ift.tt/1LOi04S