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Goldplat plc

Gold hits 2-week high

Gold rose to a fresh two-week high on Friday, as weak U.S. economic data spurred expectations for another interest rate cut by the Federal Reserve later this month.

Spot gold hit its highest since Oct. 10 at $1,504.35 and was slightly down at $1,501.67 per ounce, as of 0117 GMT. For the week, the metal has gained 0.8% so far. U.S. gold futures were flat at $1,504.40 per ounce on Friday.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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