Commodities Gold approaches 14-month highs on dovish US Fed expectations Updated : June 18, 2019 11:27 PM IST Lower interest rates decrease the opportunity cost of holding non-yielding bullion. US gold futures were up 0.8% at $1,353.7 an ounce. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.