Economics
Gold Rises to 1-Month High on Slower Rate Gain Outlook
This article is for subscribers only.
Gold futures rose to a four-week high on speculation that the Federal Reserve will keep U.S. interest rates low for a considerable time to bolster the economy.
Average hourly earnings for all U.S. employees fell 0.2 percent in December from a month earlier, the most since comparable records began in 2006, government data showed Jan. 9. Gold priced in euros rose to the highest since September 2013 as Greece prepared for a Jan. 25 election amid speculation that the country will exit the currency bloc. Japan plans a record budget to support an economy that fell into recession.