Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset. Spot gold was up 0.8% at $4,162.99 per ounce at 01:55 p.m. ET (18:55 GMT), after hitting its highest since November 14 earlier in the session. U.S. gold futures for December delivery settled 0.6% higher at $4,202.3 per ounce "The focus has shifted away from the dollar and towards a decrease in interest rates in December," said Marex analyst Edward Meir, noting gold's rise despite the dollar index being steady. [USD/] Rate cut bets "are ... (full story)