Gold rate increased by 1 % on Thursday as investors rejoice in the comments of the US Federal Government (Fed) Mr. Jerome Powell saw that Central Bank couldn't increase interest rates soon.



Quick sale contract has increased by 1.3 % to $ 1,830.11 / oz at 2:19 am after reaching the highest level since July 15th is $ 1,832.40 / oz.
U.S. future gold contract has closed trade sessions with increase of 1.8 % to $ 1,831.2 / oz.
Powell chief has informed that the US work market is still recovered before they take action on economic support.
Strengthen the perspective of Mr. Powell, data reveals that the US economy has increased by 6.5 % in this quarter, which is lower than 8.5 % of the forecasts in Reuters's poll.
US low interest rates have reduced the opportunity to hold gold which is an investment that doesn't produce.
Metals have increased by 2.8 % to $ 25.62 / oz after reaching the highest level since July 16
Platinum added 0.1 % to 1,065.61 USD / oz and Palladium increased by 0.8 % to USD / oz.