Gold was little changed near its highest level this week today, and platinum headed for its best monthly gain in a year as investors weighed speculation the Federal Reserve will continue with stimulus against a rally in equities.
Gold added 0.1 per cent to $1,666.19 an ounce, after rising to $1,668.96, the highest since January 25. Silver was little changed at $31.43 an ounce.
The Fed will probably renew its commitment to continue buying assets into next year as policy makers’ end a two—day meeting today. Gold lagged other precious metals this month as global equities climbed to the highest in almost 21 months.