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Gold Rallies After Paris Attacks as Fed Still Dominates Outlook

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Gold climbed for the first time in four sessions after terrorist attacks in Paris spurred haven buying, even as investors remain focused on expectations for U.S. interest-rate increases as soon as next month.

Teams of gunmen killed at least 129 people across the French capital on Friday in Europe’s worst terror incident in more than a decade. The event may spur short-term demand for gold, according to Commerzbank AG and Dubai-based bank Emirates NBD PJSC. Prices pared gains as traders returned their attention to the outlook for higher rates.