Gold Up As U.S. Interest Rate Rise Seen Unlikely

Finance and Trade
07/10/2015 08:10

The price of gold is continuing to rise after lower-than-expected American job rises appeared to delay any interest rate rises by the U.S. Federal Reserve to December at the earliest and possibly not until 2016. On the Comex market in New York, gold futures with December delivery dates were trading up nearly $10 or 1% at $1,146.80 on Tuesday after briefly reaching the psychologically important level of $1,150 an ounce.