Gold At Two-Week High On Trade Deal Hopes; Palladium Peaks

Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.

Spot gold had gained 0.3 percent to $1,324.80 per ounce by 0324 GMT, just below a 9-month peak of $1,326.30 an ounce marked on Jan. 31.

U.S. gold futures rose 0.4 percent to $1,327.8 an ounce.

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