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Singapore, October 12 (QNA) – Gold prices rose on Monday, buoyed by a weaker US dollar and falling oil prices, as investors awaited key US inflation data due later this week for fresh clues on the Federal Reserve’s interest-rate path.
Spot gold climbed 0.3% to $4,206.01 an ounce, after touching its highest level since October 2 earlier in the session.
US gold futures for December delivery advanced by the same margin to $4,230.40 an ounce.
Among other precious metals, spot silver rose 0.5% to $61.12 an ounce, platinum gained 1% to $1,704.70, and palladium climbed 1.2% to $1,161.81 an ounce. (QNA)
