Gold Prices Higher on London Spot Market – Wall Street Journal

Gold prices were higher on the London spot market Monday morning, as speculation over a delay in raising interest rates by the U.S. Federal Reserve and a weaker dollar continued to give the yellow metal a boost.

Spot gold was trading up 0.77% at $1,164.80 a troy ounce in morning European trade, having hit a seven-week high on Friday to close at $1,155.90 a troy ounce.

Gold prices have risen on improving sentiment that the Fed…