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Gold recovers from biggest dip in 5 months after Fed rate rise

Soyabean futures climb to a near two-week high on Friday; wheat price surges

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Published Sun, Dec 20, 2015 · 09:50 PM

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GOLD rose more than 1 per cent on Friday, recovering from its biggest daily loss in five months as stocks and the dollar retreated, but remained near multi-year lows after the Federal Reserve lifted US interest rates.

The metal has recovered some lost ground after bottoming out on Thursday at US$1,047.25 an ounce, within a couple dollars of a near six-year low reached on Dec 3, after the first US rate hike in nearly a decade.

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