Monday, 7 May 2018

Gold Rises to 1-Week High As Dollar Pauses Rally

Gold prices hit their highest in a week on Monday, buoyed as the dollar slipped after marking its strongest level this year in the previous session.

Spot gold had risen 0.3 percent to $1,318.46 per ounce by 0332 GMT, after earlier touching its highest since late-April at $1,318.85.

U.S. gold futures for June delivery were up 0.3 percent at $1,319.10 per ounce.

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