Gold prices climb higher to a more than five-month peak

December 19, 2018 (MLN): Gold prices climbed higher to a more than five-month peak on Wednesday as a weaker dollar provided cushion to the precious metal, while investors awaited indications from the U.S. central bank on its rate hike trajectory.

Spot gold was up 0.1 percent at $1,250.20 per ounce, as of 0405 GMT, after hitting its highest since July 11 at $1,251.06 earlier in the session.

U.S. gold futures were up 0.1 percent at $1,254.60 per ounce.

Posted on: 2018-12-19T10:41:00+05:00

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