Gold prices rose on Wednesday, supported by increasing optimism that the Federal Reserve may cut interest rates in December. Gold, which does not yield a return, typically benefits from lower interest-rate environments and periods of geopolitical tension.
Spot gold climbed 0.7 percent to reach 4,161.19 dollars per ounce. U.S. gold futures for December delivery rose 0.5 percent to 4,163.70 dollars.
As for other precious metals, silver fell 0.1 percent in spot trading to 51.36 dollars. Platinum decreased 1 percent to 1,538 dollars. Palladium dropped 1.1 percent to 1,382.24 dollars.
