LONDON: The gold price rose more than one percent as expectation that the Federal Reserve will raise interest rates for the first time in nearly a decade later on Wednesday.
Spot gold was up 1.2pc at $1,073.50 an ounce at 1445 GMT, while US gold futures for February delivery were up $11.20 an ounce at $1,072.90.
Silver also rose sharply, up 2.6pc at $14.12 an ounce, having dropped to its lowest in more than six years earlier this week at $13.60 an ounce.
Platinum was up 2.4pc at $876.39 an ounce and palladium was up 1.3pc at $572.20 an ounce.
