Gold jumped to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates and the dollar tumbled.
Gold had a lackluster start to the year but gained momentum this month as investors sought havens amid slowing global growth due to the fallout from the US-China trade dispute and as central banks adopt a more dovish tone. The metal has now broken through a five-year resistance line in a dramatic surge that brought it within spitting distance of $1 400/oz.