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DPA
Washington
Gold prices rose on Monday, rebounding from a more than seven-month low hit in the previous session, as a weakening dollar eclipsed pressure from firmer Treasury yields.
Spot gold climbed 0.8 per cent to 1,798.27 dollars per ounce, after having touched its lowest since July 2 at 1,759.29 dollars on Friday.
US gold futures were up as much as 1.1 per cent at 1,796.30 dollars.
The dollar eased against rivals as traders sought currencies with close ties to the global commodities trade due to an improving economic outlook.
The pound hit a new three-year high of 1.4050 dollars in early London trading as the British government’s vaccine drive continued to progress.
British PM Boris Johnson is to table a “cautious” roadmap in Parliament later today to ease the country out of the strict stay-at-home lockdown in place to control the spread of coronavirus infections.
Washington
Gold prices rose on Monday, rebounding from a more than seven-month low hit in the previous session, as a weakening dollar eclipsed pressure from firmer Treasury yields.
Spot gold climbed 0.8 per cent to 1,798.27 dollars per ounce, after having touched its lowest since July 2 at 1,759.29 dollars on Friday.
US gold futures were up as much as 1.1 per cent at 1,796.30 dollars.
The dollar eased against rivals as traders sought currencies with close ties to the global commodities trade due to an improving economic outlook.
The pound hit a new three-year high of 1.4050 dollars in early London trading as the British government’s vaccine drive continued to progress.
British PM Boris Johnson is to table a “cautious” roadmap in Parliament later today to ease the country out of the strict stay-at-home lockdown in place to control the spread of coronavirus infections.
