Gold Holds Near 3-Week High as Rates View Weighed With Stimulus

Gold traded near the highest level in three weeks as investors weighed increased stimulus around the world against the outlook for higher U.S. interest rates.

 

Bullion for immediate delivery was at $1,200.09 an ounce by 3:21 p.m. in Singapore from $1,200.98 yesterday, when it climbed 0.3 percent, according to Bloomberg generic pricing. The metal rose on Nov. 21 to $1,207.93, the highest since Oct. 30, after China unexpectedly cut rates for the first time in two years, joining Japan and Europe in taking steps to spur growth.