Newsmakers: Gold hits two-week high ;PFRDA to launch campaign and many more

Newsmakers: Gold hits two-week high ;PFRDA to launch campaign and many more

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

Gold touched a two-week high on Monday before inching lower slightly, following its biggest one-day gain in nearly four months in the previous session after lower-than-expected US employment data cut the chance of a near-term U.S rate hike.Bullion, which has gained about 17 per cent so far this year, has been under pressure over the past few weeks as comments from senior US central bank officials, including chief Janet Yellen, boosted expectations of an imminent interest rate rise that would be bearish for non-interest bearing gold.
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