Gold jumps 2% with the decline in the dollar and US yields


LONDON (Reuters) – I went up gold prices 2 percent on Wednesday, with the dollar and US Treasury yields falling, while investors awaited the minutes of the latest monetary policy meeting from the Federal Reserve to confirm its strategy to ease its stimulus measures.
At 16.10 GMT, spot gold was up 1.9 percent at $1,793.86 an ounce, its highest level in nearly four weeks.
US gold futures jumped 2.1 percent to $1,795.60 an ounce.
Other precious metals followed the lead of gold, as silver rose in spot transactions 2.7 percent to $23.15 an ounce, while palladium jumped 3.4 percent to $2114.71. And platinum rose 1.2 percent to 1018.96 dollars.
The yellow metal drew support from the dollar’s decline and fears that rising inflation would harm global economic growth.
Investors are awaiting the minutes of the US central bank’s September meeting, which will be released at 18:00 GMT, amid expectations that economic support will begin to ease next month.


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