Gold rose for the fourth consecutive day on Wednesday, supported by the decline of the U.S. dollar and expectations that the end of the U.S. government shutdown, along with incoming economic data, would boost bets on a Federal Reserve interest rate cut next month.
Spot gold rose 0.4% to USD 4,142.70 per ounce, after hitting its highest level since October 23 on Tuesday.
U.S. gold futures for December delivery increased 0.8% to USD 4,149.20 per ounce. Among other precious metals, silver rose 0.1% to USD 51.29 per ounce, platinum declined 0.1% to USD 1,583.10, while palladium remained steady at USD 1,443.56.
