London: Gold on Thursday rose for the fourth day in the longest run of gains in almost four months as the dollar weakened after the Federal Reserve said it was concerned slowing global growth risked damping the recovery.
Gold rose 0.7 percent to USD 1,229.98 an ounce, the highest since September 26. Silver also climbed 1.2 percent to USD 17.58 an ounce.
Minutes released yesterday from the Federal Open Market Committee's September 16-17 meeting showed a number of participants said the nation's expansion might be slower than they expected if foreign economic growth came in weaker than anticipated.
Gold rebounded from this year?s low set October 6 as investors pushed back bets for when the Fed will raise interest rates and Chinese consumers returned from a week-long holiday.
