Gold prices hit their highest level in more than 4 months[/rtl]
[rtl]Editorial Date: 2018/1/15 14:10 • 103 times read[/rtl]
The price of gold hit a four-month high on Monday as the dollar weakened to a three-year low against a basket of currencies.
The spot price of gold rose 0.3 percent to $ 1342.50 an ounce by 0718 GMT after touching the strongest level since September 8 at $ 1344.44.
Spot gold rose for the fifth week in a row last week and rose 1.3 percent.
US gold futures rose 0.5 percent to $ 1341.90 an ounce.
The dollar index was down 0.2 percent at 90.810. Earlier, the session hit a low of $ 90,622, the lowest since January 2015.
Palladium jumped 1 percent in spot trade to $ 1,135 on Monday after hitting a record high of $ 1138 earlier in the session.
Analysts said the metal was on a continuous rally as a result of rising demand from the automotive industry amid a supply shortfall.
Silver rose 0.7 percent to $ 17.26 an ounce after hitting a three-month high of $ 17.42.
Platinum rose 0.3 percent to $ 996.95 after hitting its highest since September 11 at $ 1001.40 on Monday
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