Gold rises but set for first monthly decline in five
From uk.reuters.com
Gold prices rose on Monday as the U.S. dollar fell to a two-year low on a dovish policy shift by the U.S. Federal Reserve, although the metal was set for its first monthly decline in five. Spot gold gained 0.2% to $1,967.68 per ounce by 02:09 p.m. EDT (1809 GMT), after hitting its highest since Aug. 19 at $1,976.14. For the month, the metal was down 0.3%, having surged to an all-time peak of $2,072.49 on Aug. 7. U.S. gold futures settled up 0.2% at 1,978.60. "The weaker dollar and the anticipation that we are going to get further dollar weakness has led to some small increases (in gold)" said Jeffrey Sica, founder of ...
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