A worker displays a one kilogram gold bullion bar at the ABC Refinery in Sydney on August 5, 2020. (Photo by DAVID GRAY/ AFP)
Gold touched a near two-week high on Wednesday, after U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar.
Spot gold rose 0.7% to $4,156.89 per ounce, as of 0615 GMT, its highest since November 14. U.S. gold futures for December delivery were up 0.4% at $4,154.10 per ounce.
