Gold rises amid US rate hike delay talks

Source: CNBC
© ScanPix/Reuters
The yellow metal edged up to reach its three-and-a-half-month high on Thursday, benefiting from the diminishing prospects of the rate hike in the US in 2015. Futures for bullion added 0.47% to $1,185.30 per troy ounce by 08:50 AM GMT, after hitting $1,190 per ounce on Tuesday, its highest level since June 22. Later in the day, investors will monitor speeches of the Fed officials, as they may hint more on the bank's rate lift-off outlook.
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