Gold rose to its highest in nearly two weeks on Monday, supported by a softer dollar, while silver and palladium hit new multi-year highs.
Spot gold rose 0.6 percent to $1,365.46 an ounce,its highest in nearly two weeks. It was trading at $1,361.29 at 0033 GMT.
U.S. gold futures GCZ0 gained 0.3 percent to $1,361.9 an ounce.
The dollar fell 0.4 percent against a basket of currencies, but jumped sharply against the yen on talks of possible intervention.
Investors are awaiting the all-important Federal Reserve's policy meeting this week, where the central bank is expected to announce more asset buying to stimulate the economy.
U.S. economic growth edged up as predicted in the third quarter but not enough to chip away at high unemployment or change expectations of more monetary easing from the Federal Reserve.
Spot silver hit a 30-year high of $24.99, while palladium rose to $651.25, highest since May 2001.
No comments:
Post a Comment