Gold hits two-week high as chances of early Fed rate hike dim

Gold rose to its most elevated in almost two weeks right off the bat Monday, adding to its greatest one-day pick up in about three months in the past session when feeble US job information strongly cut the possibility of a close term U.S rate trek.

* Spot gold was up 0.2 percent at USD 1,246.10 for every ounce by 0052 GMT. It achieved a high of USD 1,248.40, its best following May 24. Bullion took off around 2.8 percent on Friday, its greatest one-day rate pick up since February 11.

* US gold climbed 0.5 percent at USD 1,248.90

* Asian shares ascended on Monday and the dollar floundered near its least in almost a month after US nonfarm payrolls demonstrated the slowest work development in over five years.

* The dollar file remained at 94.12, having been as low as 93.855 on Friday - a level keep going seen on May 12.

Read more at: http://dollaradvisory.com

Gold rose to its highest in nearly two weeks early on Monday, adding to its biggest one-day gain in nearly three months in the previous session when weak US employment data sharply cut the chance of a near-term U.S rate hike. FUNDAMENTALS * Spot gold was up 0.2 percent at USD 1,246.10 per ounce by 0052 GMT. It reached a high of USD 1,248.40, its best since May 24. Bullion soared about 2.8 percent on Friday, its biggest one-day percentage gain since February 11. * US gold climbed 0.5 percent at USD 1,248.90 * Asian shares rose on Monday and the dollar wallowed close to its lowest in nearly a month after US nonfarm payrolls showed the slowest job growth in more than five years. * The dollar index stood at 94.12, having been as low as 93.855 on Friday - a level last seen on May 12.

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