Backed by a weaker dollar and expectations that the reopening of the American government and the Resumed publication of economic data will strengthen bets on a Lower Federal Reserve interest rates as early as next month, gold has recorded a fourth consecutive session of improvement on Wednesday.

Spot gold gained 0.2% to reach $4,133.99 per ounce at 01:55 GMT, after touching its highest on Tuesday level since October 23. American gold futures for deliveries in December increased by 0.6% to $4,140.10 the ounce.

According to Tim Waterer, chief market analyst at KCM Trade, “the fall in the dollar has benefited gold and silver, which Both are posting gains this week.” According to him, “he seems that 'normal service has resumed' for gold, the precious metal going back above $4,100 while aiming for more goals high if US macroeconomic data continues to support a further easing of monetary policy.”

Gold, which does not generate returns, tends to perform well in a low interest rate environment and during periods economic uncertainty.

Elsewhere, money at Cash strengthened by 0.2% to $51.33 per ounce, platinum is remained stable at $1,588.10 and palladium fell by 0.3% at $1,439.43