By Adrian Ash
BUY GOLD prices rose to 2-week highs against the Dollar on Thursday as the US currency fell following yesterday's "no change" decision on Federal Reserve interest rates and QE.
Gold priced in Dollars touched $1344 per ounce in London wholesale trade, making it the most expensive to buy since July 14 – one week after the 2-year highs hit in the aftermath of the UK's Brexit referendum result.
Prices in Euro and Sterling terms also rose, adding 0.6% and 1.8% respectively for the week so far.
US Treasury bond yields edged higher as world stock markets held flat overall but commodities rose.
Silver jumped faster than prices to buy gold, gaining 4.4% for the week so far to reach $20.50 per ounce.
Betting on US interest-rate futures now put the odds of a hike at the Fed's September meeting to 0.75% further below 1-in-5.
"Near-term risks to the economic outlook have diminished," said the Fed's July statement, but while "indicators point to some increase in labor utilization in recent months [and] household spending has been growing strongly, business fixed investment has been soft [and] inflation has continued to run below the Committee's 2% longer-run objective.