(MENAFN- ProactiveInvestors)
Gold futures rose to a four-week high on bets that the Federal Reserve will keep U.S. interest rates low for a considerable time to bolster the economy.
Gold futures for February delivery rose 1.4% to settle at US$1232.80 an ounce on the Comex in New York.
The Australian Dollar slipping almost US1c against the U.S. Dollar to US81.64c is a bonus for Australia gold producers and explorers as an ounce in local money is now about A$1490.92.
In electronic trading after the close the metal reached US$1235.60 the highest for a most-active contract since 10 December 2014.
Average hourly earnings for all U.S. employees fell 0.2% in December from a month earlier the most since comparable records began in 2006 government data showed 9 January.
In other metals trading silver futures for March delivery rose 0.9% to US$16.564 an ounce on the Comex.
Platinum futures for April delivery gained 0.9% to US$1241 an ounce on the New York Mercantile Exchange after touching US$1246.60 the highest since 11 December.
Palladium futures for March delivery climbed 1.7% to US$814.10 an ounce the biggest increase since 21 November.
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