Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal.
Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal.
Spot gold was up 0.3% at $2,019.99 per ounce, as of 0530 GMT, hitting its highest since Feb. 13.
U.S. gold futures rose 0.4% to $2,031.50 per ounce.
Spot platinum dipped 0.3% to $903.04, palladium rose 0.7% to $956.66, while silver fell 1.2% to $23.12 per ounce.
Persons:
Yeap Jun Rong, Wang Tao, Jun Rong, Raphael Bostic
Organizations:
U.S ., Maritime Trade Operations, Market, Fed Bank of Atlanta, CME
Locations:
Mandab, Yemen, China