Gold and silver both rose to their highest levels in more than three months on Thursday, shaking off months of lethargy after minutes from the latest US Federal Reserve meeting fuelled hopes for the swift launch of more bond buying. Spot gold climbed 0.7 percent to $1,665.09 an ounce, its highest since May 1, before easing slightly to $1,662.84 by 0620 GMT. Prices broke above the key 200-day moving average in the previous session for the first time in nearly five months.
The US gold futures contract for December delivery gained 1.5 percent to $1,665.70. Spot silver rallied more than 2 percent to $30.51, its highest since early May.
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