LONDON: Gold rose to a three-week high on Friday after minutes from the Federal Reserve’s last policy meeting showed the US central bank was in no hurry to raise interest rates.

Spot gold was up 1.5 per cent at $1,155.21 an ounce by 1445 GMT, after touching a peak of $1,157.10 earlier in the session.

Silver was up 1pc at $15.81 a tonne, after hitting a 3-1/2 month high earlier this week. The metal has surged about 9pc this month.

Platinum rallied 3.1pc to $973.24 a tonne while palladium rose 1.4pc and was headed for its fifth straight weekly gain.

Published in Dawn, October 10th , 2015

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