Gold inched higher Wednesday, adding to big gains from the previous session on renewed faith the Federal Reserve will leave interest rates at zero for the time being.

After two consecutive winter economic downturns, the Fed is unlikely to raise rates in light of disappointing jobs data from September.

Gold and other metals prices have been rising since Friday, when the dollar tumbled on data showing the U.S. economy generated less than 150,000 jobs last month.

U.S. gold for December was up $2.30 to settle at $1,148.70 an ounce, its highest in about two weeks.

The material has been provided by InstaForex Company – www.instaforex.com