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Gold gains lustre as investors bet on Fed caution

Updated : December 19, 2018 10:00 PM IST

Having posted gains for two consecutive sessions, gold rose 0.4 percent to $1,254.76 per ounce at 10:47 a.m. EST (1547 GMT). The metal earlier hit $1,258.03, its highest since July 10.
Adding to gold's appeal was a weaker dollar, with the US unit pressured by bets that the Fed would hint at plans to rein in interest rate hikes for 2019/2020. 
Gold gains lustre as investors bet on Fed caution

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