Gold futures rose to their highest in two weeks, supported by a weaker dollar and speculation the Federal Reserve will not raise interest rates.
The U.S. economic recovery may have lost steam in the past month or so.
Two winters in a row have brought an economic lull, making it difficult for the Fed to justify hiking rates unless the economy has strong momentum heading into the holidays.
Gold for December was up $8.80 at $1146.40 an ounce, part of a broader advance in commodities prices.
San Francisco Federal Reserve Bank John Williams will deliver an outlook speech in San Francisco at 3:30 pm ET.
The material has been provided by InstaForex Company – www.instaforex.com