Gold at Seven-Week High on Dovish Fed Minutes, Weak Dollar – Wall Street Journal

Gold prices rallied to their highest level in seven weeks on Friday amid optimism that the Federal Reserve would put off raising interest rates till 2016.

The most actively-traded contract, for December delivery, rose $11.60, or 1%, to settle at $1,155.90 a troy ounce on the Comex division of the New York Mercantile Exchange. This was the highest close since Aug. 21, when gold settled at $1,159.60 an ounce.

Investors marched…