Gold nears 2-month high in New York

Bullion futures rose to a two-month high of $1,384.10 an ounce on August 19 and are up 0.1 per cent this week. Minutes released on August 21 of the Fed’s July 30-31 meeting showed policy makers were “broadly comfortable” in slowing debt buying if the economy strengthens.

Gold for December delivery added 0.1 per cent to $1,372.70 an ounce in early trading on the Comex in New York. Gold for immediate delivery in London lost 0.2 per cent to $1,373.30.