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Goldplat plc

Gold eyes 4th month of gains as US Fed pauses rate hikes

Gold inched up on Thursday, holding near a multi-month peak after the U.S. Federal Reserve paused its monetary tightening cycle, denting the dollar and putting bullion on track for its fourth straight monthly gain.

Spot gold was up 0.43 percent to $1,325.17 per ounce at 8:58 a.m. ET. Prices rose to their highest since May 11 at $1,323.34 on Wednesday. U.S. gold futures rose 1.09 percent to $1,329.90.

Spot gold has risen 3.1 percent so far this month.

 

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.