Gold Trades Near Seven-Week High On Weaker Dollar

Precious-Gold traded near its highest level in seven weeks on Monday as the dollar plunged to a three-week low on expectations the Fed would delay its liftoff to 2016. The yellow metal hit a high of $1166.60 an ounce, while it currently trading at $1164.15, after opening at $1155.15. FOMC minutes for September meeting released last week mirrored policymakers’ caution regarding raising interest rates.

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