Gold at near one-week high as Goldman says Fed may hold rates

London: Gold traded near the highest in a week as Goldman Sachs Group said there is a chance US policy  makers will delay raising interest rates well into next year.  Traders have pushed back their expectations of when the Federal Reserve will start tightening as a report last week  showed US payrolls grew less than economists had forecast.  Gold added 0.2 per cent to USD 1,137.75 an ounce.

Prices  reached a one-week high of USD 1,142.07 on Monday. Silver  gained for the fourth day, adding 0.2 per cent to USD 15.68  an ounce and trading near the highest since mid-July.  Higher rates curb the appeal of bullion, which does not  pay interest or give returns like other assets such as bonds  and equities