Gold shines brightly as investors boost holdings

Singapore

GOLD is on a roll, courtesy of the Federal Reserve. The precious metal is heading for the biggest weekly advance since July after US central bankers opted once again to leave interest rates unchanged while reining in their outlook for future increases.

Bullion for immediate delivery traded little changed at US$1,334.94 an ounce at 2.48 pm in Singapore after capping a fourth day of gains on Thursday, according to Bloomberg generic pricing.