Spot gold topped $2,500 an oz. for the primary time, bolstered by hopes that the US Federal Reserve is edging nearer to slicing rates of interest. Bullion for speedy supply hit $2,500 an oz. Friday, exceeding the earlier report reached final month, as a disappointing studying on the US housing market strengthened expectations of quick and deeper cuts by the US central financial institution. Decrease charges are usually constructive for gold because it pays no curiosity.
