Doha: Gold prices climbed to their highest level in nearly two weeks on Wednesday after US economic data reinforced expectations that the Federal Reserve will cut interest rates in December, pressuring the dollar. Spot gold rose 0.7% to $4,156.89 per ounce, its highest level since November 14.

According to Qatar News Agency, US gold futures for December delivery also gained 0.4% to $4,154.10. Among other precious metals, spot silver rose 0.9% to $51.85, while platinum slipped 0.1% to $1,552.50. Palladium was steady at $1,396.80.