Gold Stages 11th -Hour Rally Before Higly Anticipated Rate Cut.

 The gold rush ahead of the much-anticipated Federal Reserve rate cut is ringing the tills at the 11th hour for bugs of the yellow metal.

Gold prices rose for a fourth-consecutive session on Tuesday as international bond yields continued to fall in response to weak Japanese and European data, before the close of the Fed’s two-day policy meeting.

Spot gold, reflective of trades in bullion, traded at $1,430.66 per ounce by 2:35 PM ET (18:35 GMT), up $3.75, or 0.3%, on the day. August delivery, traded on the Comex division of the New York Mercantile Exchange, settled up $9.30, or 0.7%, at $1,429.70. It hit a five-day high of $1,433.19 earlier in the session. Gold futures for December delivery, Comex’s designated front-month after the expiry of the August contract, settled up $1.10 at $1,433.30.

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