Gold futures rose to a four-week high on speculation that the Federal Reserve will keep U.S. interest rates low for a considerable time to bolster the economy.

Average hourly earnings for all U.S. employees fell 0.2 percent in December from a month earlier, the most since comparable records began in 2006, government data showed Jan. 9. Gold priced in euros rose to the highest since September 2013 as Greece prepared for a Jan. 25 election amid speculation that the country will exit the currency bloc. Japan plans a record budget to support an economy that fell into recession.

Gold futures for February delivery rose 1.4 percent to settle at $1,232.80 an ounce at 1:41 p.m. on the Comex in New York. In electronic trading after the close, the metal reached $1,235.60, the highest for a most-active contract since Dec. 10.

Silver futures for March deliver rose 0.9 percent to $16.564 an ounce on the Comex.

Platinum futures for April delivery gained 0.9 percent to $1,241 an ounce on the New York Mercantile Exchange, after touching $1,246.60, the highest since Dec. 11. Palladium futures for March delivery climbed 1.7 percent to $814.10 an ounce, the biggest increase since Nov. 21.

Source: Bloomberg