LONDON: Gold today climbed from a two- week low as the dollar weakened and investors weighed when US stimulus may slow.
Gold rose by 0.4 per cent to $1,317.66 an ounce and silver by 1.1 per cent to $21.94 an ounce, after reaching 21.56 dollar yesterday, the lowest since October 17.
Gold fell to $ 1,305.98 an ounce yesterday, the lowest since October 17, and the run of six straight losses was the worst streak since May.
The US Dollar Index, a measure against 10 currencies, declined before data tomorrow that analysts said will show the country's economic growth slowed last quarter. The gauge reached a six-week high on November 4.
Gold is set for the first annual drop in 13 years as some investors lost faith in the metal as a store of value. The Federal Reserve will start cutting debt buying in March.
