Ammon News - Gold climbed to its highest level in over two weeks on Thursday, on a weaker US dollar and Treasury yields as easing oil prices helped temper inflation concerns after major Democratic gains in the US midterm elections raised hopes of a US-Iran peace deal.
Spot gold rose 1.6% to $4,123.71 per ounce by 0609 GMT, after touching its highest since October 20 earlier in the session. Bullion climbed about 3.4% on Wednesday, its biggest daily gain since August 19.
Reuters