a softer dollar and falling treasury yields helped boost the price of gold to its highest level in nearly two weeks on wednesday as the yellow metal built on gains from the prior session driven by expectations for smaller interestrate hikes by the federal reserve   gold futures for december gcz22 delivery rose 1620 or 1 to 1688 per ounce on comex   december silver futures siz22 added 23 cents or 12 to 1958 an ounce   december palladium paz22 gained 2170 or 11 to 194050 per ounce while january platinum plf23 fell 1950 or 21 to 939 per ounce   copper futures hgz22 for december gained 6 cents or 19 to 346 per pound precious metals prices are seeing a boost as the dollar and yields retreat as investors adjust their expectations to factor in a slower pace of interestrate hikes following the fed’s upcoming november policy meeting the ice us dollar index dxy  a gauge of the dollar’s strength against a basket of rivals retreated 07 to 11015 while the yield on the 10year treasury note tmubmusd10y was off 53 basis points at 4054 according to factset data gold’s latest rebound may have more room to run in the near term at least if “peak hawkishness” truly has passed said tom essaye founder of the sevens report newsletter “bottom line the bounce in gold futures can last as long as this current period of hope for peakhawkishness does which will be characterized by an easing dollar and retreating yields however the longterm trends continue to favor the gold bears” essaye said