Reuters reported that gold prices climbed to 2 percent in Friday trading to just below $1,700 following the Fed’s speech and the hope of more stimulus measures.
As quoted in the market news:
Gold posted its biggest daily gain in two months, sharply outperforming U.S. equities which edged up in late trade. .N The metal posted a 4.5 percent gain in August, its third straight monthly rise and its biggest since January.
It climbed to a session high of $1,691.80 an ounce, the highest since March 27.