Gold nears 2-month high in New York

Gold was little changed near a two- month high in New York as investors weighed expectations the US Federal Reserve will reduce stimulus against more physical demand. Platinum reached a four-month high.

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Published: Sat 24 Aug 2013, 9:50 PM

Last updated: Sat 4 Apr 2015, 7:51 AM

Bullion futures rose to a two-month high of $1,384.10 an ounce on August 19 and are up 0.1 per cent this week. Minutes released on August 21 of the Fed’s July 30-31 meeting showed policy makers were “broadly comfortable” in slowing debt buying if the economy strengthens.

Gold for December delivery added 0.1 per cent to $1,372.70 an ounce in early trading on the Comex in New York. Gold for immediate delivery in London lost 0.2 per cent to $1,373.30.

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