Gold and Copper Advance as Fed Interest-Rate Cut Hopes Grow

Gold and copper advanced on rising expectations of further monetary easing by the Federal Reserve. Silver also surged.

Dovish comments from policymakers since last week have revived bets on a December rate cut. The latest US jobless claims data — which showed applications for US unemployment benefits unexpectedly fell last week to the lowest since mid-April — is seen as unlikely to derail the Fed from delivering a rate cut next month.