Gold extended gains Tuesday and crossed the key $2,000 level as the dollar and yields fell, while weaker U.S. economic data emboldened bets for slower rate hikes despite mounting concerns over oil-led inflation. Spot gold was up 1.7% at $2,017.92 per ounce by 2:00 p.m. EDT (1800 GMT), after reaching its highest since March 9 last year at $2,024.89 earlier. U.S. gold futures settled 1.9% higher at $2,038.20.
Read Newsmax: Gold Races Past $2,000/oz After Weaker US Data | Newsmax.com Important: Find Your Real Retirement Date in Minutes! More Info Here
Click for Full Text!