GOLD - JAKARTA. Gold prices climbed 1% on Monday as China's central bank resumed gold purchases after a six-month pause, while expectations for an interest rate cut at the Federal Reserve's meeting next week strengthened.
Spot gold gained 1% to $2,657.98 per ounce, as of 1103 GMT. U.S. gold futures added 0.8% to $2,679.70.
Thanks for reading Kontan English.
Please create account or log in.
Only Rp5,000 to continue reading.
Editor: Anna Suci Perwitasari